|mil $s||mil $s|
|Mayo Clinic||Rochester||MN||Jun 14||8,136||Dec 08||2,326||250%|
|HealthPartners||Bloomington||MN||Jun 14||2,317||Dec 08||503||361%|
|Allina Health System||Minneapolis||MN||Jun 14||2,091||Dec 08||804||160%|
|Fairview Health Services||Minneapolis||MN||Jun 14||1,651||Dec 08||732||126%|
|Essentia Health||Minneapolis||MN||Jun 14||925||Jun 09||519||78%|
|Centracare Health System||St Cloud||MN||Jun 14||809||Jun 09||381||112%|
|Children's Hospitals and Clinics||Minneapolis||MN||Jun 14||708||Dec 08||370||91%|
|Park Nicollet Health Services||St Louis Park||MN||Jun 14||624||Dec 08||299||109%|
|North Memorial Health Care||Robbinsdale||MN||Jun 14||428||Dec 08||263||63%|
|Total all 9||17,689||6,197||185%|
As you can see from the above chart, the Total Net Assets (Financial Strength) of these 9 Minnesota Non-Profit Hospital Organizations increased by a spectacularly off-the-chart 185% to $17.689 bil so far during the Obama Administration. That 185% increase in Non-Profit Hospital financial strength is the second highest % increase for all large and medium-sized US States.
The clear driver of this incredible Net Asset appreciation was Mayo Clinic, whose Net Assets grew by a massive $5.8 bil or by 250% so far during the Obama Administration.
Six of the 9 more than doubled their Net Assets so far during the Obama Administration.
The lowest percentage growth of the 9 was up a very strong 63%.
Very positively impacting this incredible increase in the Net Assets (Financial Strength) of these 9 Minnesota 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 exceptional increase in Net Assets (Financial Strength) of these 9 Minnesota 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 Minnesota 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 very impressive Net Asset percentage increases of these 9 Minnesota Hospitals, a key beneficiary of this has been and will continue to be Minnesota citizens electing to buy health insurance on the Health Insurance Exchange. This very strong Net Asset growth gives these Minnesota 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.
The prescient Minnesota US Senator Al Franken had this all figured out a very long time ago.