|mil $s||mil $s|
|Christiana Care Health Services||Wilmington||DE||Mar 14||1,723||Jun 09||881||96%|
|BayHealth Medical Center||Dover||DE||Jun 14||613||Jun 09||276||122%|
|Total of both||2,336||1,157||102%|
As you can see from the above chart, the Total Net Assets (Financial Strength) of these 2 Delaware Non-Profit Hospital Organizations increased by a spectacular 102% to $2.336 bil so far during the Obama Administration. And it would be much higher if the huge Christiana would have already have its audited June 30, 2014 financial statements done and submitted to EMMA.....my gosh, its been more than 3 and a half months. If a public corporation did this, it stock price would flat out plummet. But its not just Christiana. A lot of other Non-Profit Hospitals are just as slow. The US Government should require timely reporting by all Non-Profit Hospitals above a certain size and Hospitals should pay their financial and accounting employees much more money and their top executives much less. Rampant income inequality exists at Non-Profit Hospitals just like it does all throughout American businesses.
Very positively impacting this very robust increase in the Net Assets (Financial Strength) of these 2 Delaware 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 2 Delaware 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 2 Delaware Hospitals, a key beneficiary of this has been and will continue to be Delaware citizens electing to buy health insurance on the Health Insurance Exchange. This strong Net Asset growth gives these Delaware 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.