North Dakota Non-Profit Hospitals Net Assets Up 56% Under Obama and the Affordable Care Act

From a review of the Electronic Municipal Market Access (EMMA), I found 2 Non-Profit Hospital Organizations headquartered in the State of North Dakota with Net Assets (i.e. Financial Strength or Total Assets minus Total Liabilities) at the most recent date of more than $150 mil each.  In Addition, Sioux Falls, SD headquartered Sanford Health has 2 of its 4 Regional Medical Centers located in North Dakota and thus has been included here too.  Below here are the Net Assets of these 3 at both the most recent reported date and also at the Fiscal Year End (FYE) closest to the beginning of the Obama Administration:

						FYE	Balance	Net
				Most		Balance	Sheet	Assets
			Most	Recent		Sheet	Net	%
			Recent	Balance		Date	Assets	Change
			Balance	Sheet		Beginning	Beginning	During
	City	State	Sheet	Net		Obama	Obama	Obama
Hospital Organization	HQs	HQs	Date	Assets		Admin	Admin	Admin
				mil $s			mil $s
Sanford Health	Fargo & Bismark	ND	Mar 14	1,975		Jun 09	1,242	59%
Altru Health System	Grand Forks	ND	Dec 13	201		Dec 09	135	49%
St. Alexius Medical Center	Bismark	ND	Dec 13	170		Jun 09	127	34%
Total of all 3				2,346			1,504	56%

As you can see from the above chart, the Total Net Assets (Financial Strength) of these 3 North Dakota Non-Profit Hospital Organizations increased by a very robust 56% to $2.346 bil during their average 4.42 years so far during the Obama Administration.

Very positively impacting this very solid increase in the Net Assets (Financial Strength) of these 3 North Dakota Hospitals were actions taken by both the Obama Administration and the US Fed to strengthen the US Financial Foundation which was severely damaged from the financial meltdown in late 2008.

In addition, the Affordable Care Act (ACA) has also played a key role in this very robust increase in Net Assets (Financial Strength) of these 3 North Dakota Non-Profit Hospital Organizations.

A remarkable thing is that these very robust increases in Net Assets (Financial Strength) of these Non-Profit Hospital Organizations occurred when these Non-Profit Hospitals were also playing very instrumental roles in the substantial annual percentage growth reduction of Total US Health Care Costs which occurred in each of the most recent three years under the ACA.

With such very solid Net Asset percentage increases of these 3 North Dakota Hospitals, a key beneficiary of this will be North Dakota citizens electing to buy health insurance on the Health Insurance Exchange.  This strong Net Asset growth gives these North Dakota Hospitals the financial flexibility to moderate their pricing for hospital procedures in their negotiations with health insurance companies which ultimately determines what insurance premium prices are set at by health insurance companies on the Health Insurance Exchange.