|mil $s||mil $s|
|IHC Health Services||Salt Lake City||UT||Dec 13||5,166||Dec 08||1,582||227%|
|University Utah Hospitals & Clinics||Salt Lake City||UT||Jun 13||452||Jun 09||341||33%|
|Total of both||5,618||1,923||192%|
As you can see from the above chart, the Total Net Assets (Financial Strength) of these 2 Utah Non-Profit Hospital Organizations increased by a phenomenal 192% to $5.618 bil during their average 4.50 years of the Obama Administration.
Very positively impacting this major increase in the Net Assets (Financial Strength) of these 2 Utah 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 increase in Net Assets (Financial Strength) of these 2 Utah Non-Profit Hospital Organizations.
A remarkable thing is that these extremely 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 substantial Net Asset percentage increases of these 2 Utah Hospitals, a key beneficiary of this will be Utah citizens electing to buy health insurance on the Health Insurance Exchange. This exceptional Net Asset growth gives these Utah 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.