Washington DC Non-Profit Hospitals Net Assets Up 93% Under Obama and the Affordable Care Act

From a review of the Electronic Municipal Market Access (EMMA), I found 1 Non-Profit Hospital Organization headquartered in Washington DC with Net Assets (i.e. Financial Strength or Total Assets minus Total Liabilities) at the most recent date of more than $400 mil each.  I added Sibley Memorial Hospital located in DC, but now part of Maryland-based Johns Hopkins Health, since Sibley's Net Asset amount is disclosed separately by Johns Hopkins.  In addition, I also added Maryland-based MedStar Health since its 3 DC Hospitals .....Georgetowm University Hospital, Washington Hospital Center and National Rehabilitation Network..... make up a very significant part of MedStar Health.

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
MedStar Health	Columbia	MD	Dec 13	1,325		Jun 09	647	105%
Sibley Memorial Hospital	Washington DC	DC	Dec 13	933		Dec 08	513	82%
Children's National Medical Center	Washington DC	DC	Dec 13	824		Jun 09	439	88%
Total of all 3				3,082			1,599	93%

As you can see from the above chart, the Total Net Assets (Financial Strength) of these 3 Washington DC Non-Profit Hospital Organizations increased by a spectacular 93% to $3.082 bil for their average 4.67 years during the Obama Administration.

All 3 Hospitals had fantastic Net Asset growth with the the lowest increase being an exceptional 82%.

To illustrate how hot recently these 3 Washington DC Hospital Organizations were on the Net Asset growth front, in just the past 6 months, the Total Net Asset increase grew from 68% to 93%.

Very positively impacting this very robust increase in the Net Assets (Financial Strength) of these 3 Washington DC Hospital Organizations 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 impressive increase in Net Assets (Financial Strength) of these 3 Washington DC 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 impressive Net Asset percentage increases of these 3 Washington DC Hospital Organizations, a key beneficiary of this will be DC citizens electing to buy health insurance on the Health Insurance Exchange.  This strong Net Asset growth gives these DC 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.