|mil $s||mil $s|
|Indiana University Health||Indianapolis||IN||Jun 14||4,512||Dec 08||1,434||215%|
|St Vincent Health||Indianapolis||IN||Jun 13||3,040||Jun 09||1,561||95%|
|Franciscan Alliance||Mishawaka||IN||Jun 14||2,668||Dec 08||1,463||82%|
|Parkview Health System||Fort Wayne||IN||Jun 14||1,195||Dec 08||543||120%|
|Community Health Network||Indianapolis||IN||Jun 14||1,151||Dec 08||482||139%|
|Beacon Health System||South Bend||IN||Jun 14||1,109||Dec 08||341||225%|
|Deaconess Health System||Evansville||IN||Jun 14||631||Sep 09||365||73%|
|Community Foundation NW Indiana||Munster||IN||Jun 14||540||Jun 09||289||87%|
|St Mary's Health||Evansville||IN||Jun 13||512||Jun 09||292||75%|
|Reid Hospital||Richmond||IN||Jun 14||408||Dec 08||355||15%|
|Total all 10||15,766||7,125||121%|
As you can see from the above chart, the Total Net Assets (Financial Strength) of these 10 Indiana Non-Profit Hospital Organizations increased by a spectacularly off-the-charts 121% to $15.766 bil so far during the Obama Administration. And if St. Vincent Health were to file its June 2014 financial statements with the Indiana Dept of Health on a reasonably timely basis, this would show that the overall 121% Net Asset increase would be even significantly higher. For instance, St. Vincent's parent Ascension Health reported a Total Net Asset Increase of 11% in the fiscal year ended June 2014. If St. Vincent's Net Asset Increase matched that of its parent, this 121% Indiana Hospital Total Net Asset Increase would be 126%.
Very positively impacting this phenomenal increase in the Net Assets (Financial Strength) of these 10 Indiana 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 spectacular increase in Net Assets (Financial Strength) of these 10 Indiana 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, and especially the Indiana 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 extremely impressive Net Asset percentage increases of these 10 Indiana Hospitals, a key beneficiary of this has been and will continue to be Indiana citizens electing to buy health insurance on the Health Insurance Exchange. This very strong Net Asset growth gives these Indiana Hospitals the financial flexibility to moderate their pricing for hospital and other health care 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.
If the State of Indiana were to take the logical next step and fully expand Medicaid, then the profits and Net Assets of all Indiana Hospitals and particularly the smaller, struggling ones would be substantially strengthened financially. Thus even lower insurance premiums on the Health Insurance Exchange would result since this enhanced Net Asset growth gives all of these Indiana 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.
Wishard Health Services Safety Net Hospital System
The Indianapolis-based Wishard Health Services is a Component Unit of the Marion County Government and thus is a Public Non-Profit Governmental Unit. It is also a Safety Net Hospital System serving the Indianapolis inner city.
Given its Safety Net mission in a large city, Wishard has generated massive Losses totaling $1.063 bil over the most recent 5 years, which have effectively been funded by Indiana Taxpayers.
By far the best and only way to put a major dent in Wishard's massive Operating Losses and also losses or very modest profits of other struggling smaller Indiana Hospitals is for the State of Indiana to fully expand Medicaid. There would be a resultant massive inflow of Patient Revenues from Medicaid expansion, and thus Wishard and other struggling Indiana Hospitals would be able to substantially reduce their Operating Losses.
I think Indiana Governor Mike Pence vastly underestimated the intelligence and resolve of US Health Secretary Sylvia Burwell. He thought he would be able to bully her with his clearly tarnished Healthy Indiana Plan. Burwell is no dummy.....after all, she is a Rhodes Scholar. And she's also the furthest thing from being someone you can push over.
I think Pence should make reasonable adjustments to his Healthy Indiana Plan so that poorer Indiana residents aren't treated like wholescale takers, which his present Healthy Indiana Plan clearly does. It has many good features, but it needs to be revised to treat poorer people more fairly or it is going nowhere.