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:
|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.