Minnesota Non-Profit Hospitals Net Assets Up 185% Under Obama and the Affordable Care Act.....Al Franken Always Had It Right

From a review of the Electronic Municipal Market Access (EMMA), I found 9 Non-Profit Hospital Organizations headquartered in the State of Minnesota with Net Assets (i.e. Financial Strength or Total Assets minus Total Liabilities) at the most recent date of more than $400 mil each.  Below here are the Net Assets of these 9 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
				Most		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
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.