Monday, March 17, 2014

Wyoming Non-Profit Hospitals Net Assets Up 38% Under Obama and the Affordable Care Act

From a review of the Electronic Municipal Market Access (EMMA), I found 3 Non-Profit Hospital Organizations headquartered in the State of Wyoming with Net Assets (i.e. Financial Strength or Total Assets minus Total Liabilities) at the most recent date reported of more than $200 mil each.  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

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

Cheyenne Regional Medical Center Cheyenne WY  Dec 13  320
Jun 09 225 42%
Wyoming Medical Center Casper WY  Dec 13  224
Jun 09 172 30%
Campbell County Hospital District Gillette WY  Dec 13  220
Jun 09 158 39%

Total of all 3


555 38%

As you can see from the above chart, the Total Net Assets (Financial Strength) of these 3 Wyoming Non-Profit Hospital Organizations increased by a robust 38% during their 4.50  years of the Obama Administration. 

Very positively impacting this major increase in the Net Assets (Financial Strength) of these 3 Wyoming 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 3 Wyoming Non-Profit Hospital Organizations.

A remarkable thing is that these 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 3 Wyoming Hospitals, a key beneficiary of this will be Wyoming citizens electing to buy health insurance on the Federal Health Insurance Exchange.  This very robust Net Asset growth gives these Wyoming 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.