Utah Non-Profit Hospitals Net Assets Up 192% 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 Utah with Net Assets (i.e. Financial Strength or Total Assets minus Total Liabilities) at the most recent date reported of more than $400 mil each.  Below here are the Net Assets of these 2 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
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.