Missouri Non-Profit Hospitals Net Assets Up 103% Under Obama and the Affordable Care Act

From a review of the Electronic Municipal Market Access (EMMA), I found 11 Non-Profit Hospital Organizations headquartered in the State of Missouri 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 11 at both the most recent reported date and also at the Fiscal Year End (FYE) closest to the beginning of the Obama Administration:

				Most		FYE	Balance	Net
			Most	Recent		Balance	Sheet	Assets
			Recent	Balance		Sheet	Net	%
			Balance	Sheet		Date	Assets	Change
	City	State	Sheet	Net		Beginning	Beginning	During
Hospital Organization	HQs	HQs	Date	Assets		Obama	Obama	Obama
				mil $s		Admin	Admin	Admin
							mil $s
Ascension Health	Edmundson	MO	Jun 14	18,975		Jun 09	8,275	129%
BJC Healthcare	St Louis	MO	Jun 14	5,399		Dec 08	2,705	100%
Mercy Health	Chesterfield	MO	Jun 14	3,370		Jun 09	2,118	59%
SSM Health Care	St Louis	MO	Jun 14	2,083		Dec 08	933	123%
St Luke's Health System	Kansas City	MO	Jun 14	1,134		Dec 08	703	61%
Children's Mercy Hospitals	Kansas City	MO	Jun 14	1,082		Jun 09	668	62%
CoxHealth	Springfield	MO	Jun 14	696		Sep 09	456	53%
University Missouri Health Care	Columbia	MO	Jun 14	580		Jun 09	365	59%
North Kansas City Hospital	Kansas City	MO	Sep 13	556		Jun 09	452	23%
Saint Francis Medical Center	Cape Girardeau	MO	Jun 14	523		Jun 09	274	91%
Heartland Regional Medical Center	St Joseph	MO	Jun 14	486		Jun 09	214	127%
Total all 11				34,884			17,163	103%

As you can see from the above chart, the Total Net Assets (Financial Strength) of these 11 Missouri Non-Profit Hospital Organizations increased by a phenomenal 103% to a massive $34.884 bil so far during the Obama Administration, driven by huge Ascension Health's Net Asset Increase of $10.7 bil or up 129%.

Very positively impacting this spectacular increase in the Net Assets (Financial Strength) of these 11 Missouri 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 robust increase in Net Assets (Financial Strength) of these 11 Missouri 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 very impressive Net Asset percentage increases of these 11 Missouri Hospitals, a key beneficiary of this has been and will continue to be Missouri citizens electing to buy health insurance on the Health Insurance Exchange. And since the giant Ascension Health, which has increased its Net Assets by $10.7 bil or by 129% during the Obama Administration, has Hospitals located all over the US, citizens in many US States electing to buy health insurance on the Health Insurance Exchange will also be key beneficiaries. This strong Net Asset growth gives these Missouri 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.