Below here are the Net Assets of these 2 Rhode Island Hospital Organizations at both the most recent reported date and also at the Fiscal Year End (FYE) closest to the beginning of the Obama Administration:
|Rhode Island Hospital Organization||HQs||HQs||Date||Assets||Admin||Admin||Admin|
|mil $s||mil $s|
|LifeSpan||Providence||RI||Dec 13||1,479||Sep 09||1,225||21%|
|Care New England Health||Providence||RI||Dec 13||389||Sep 09||290||34%|
|Total of both||1,868||1,515||23%|
As you can see from the above chart, the Total Net Assets (Financial Strength) of these 2 Rhode Island Non-Profit Hospital Organizations increased by 23% to $1.868 bil for their 4.25 years during the Obama Administration.
The State of Rhode Island has elected to fully expand Medicaid, which substantially improves the profits and thus also the Net Assets of all Rhode Island Hospitals, particularly the ones that are struggling financially. When you combine this with the fact that these 2 Rhode Island Hospitals have increased their Net Assets by 23% for 4.25 years during the Obama Administration, a key beneficiary here will be Rhode Island citizens electing to buy health insurance on the Health Insurance Exchange. This solid Net Asset growth gives these Rhode Island 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.