|mil $s||mil $s|
|AHS (Atlantic Health System) Hospital||Morristown||NJ||Jun 14||1,326||Dec 08||510||160%|
|Virtua Health||Marlton||NJ||Jun 14||1,233||Dec 08||566||118%|
|Meridian Hospitals||Red Bank||NJ||Jun 14||928||Dec 08||339||174%|
|Robert Wood Johnson University Hospital||New Brunswick||NJ||Jun 14||919||Dec 08||457||101%|
|Barnabas Health||West Orange||NJ||Jun 14||799||Dec 08||(290)||376%|
|Hackensack University Medical Center||Hackensack||NJ||Jun 14||671||Dec 08||297||126%|
|AtlantiCare Regional Medical Center||Galloway||NJ||Jun 14||516||Dec 08||262||97%|
|Cooper Health Obligated Group||Camden||NJ||Jun 14||458||Dec 08||218||110%|
|Total all 8||6,850||2,359||190%|
As you can see from the above chart, the Total Net Assets (Financial Strength) of these 8 New Jersey Non-Profit Hospital Organizations increased by a phenomenal 190% to $6.850 bil so far during the Obama Administration. That 190% Net Asset growth is up substantially from the 162% growth only six months ago. And this 190% Net Asset increase in Non-Profit Hospital financial strength is the highest % increase for all large and medium-sized US States.
To illustrate how broad-based this New Jersey Hospital Net Asset Growth was, 7 of the 8 doubled their Net Asset growth and the lowest percentage increase of the 8 was an exceptionally high 97%.
Very positively impacting this massive increase in the Net Assets (Financial Strength) of these 8 New Jersey Hospitals 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 huge increase in Net Assets (Financial Strength) of these 8 New Jersey 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 spectacular Net Asset percentage increases of these 8 New Jersey Hospitals, a key beneficiary of this has been and will continue to be New Jersey citizens electing to buy health insurance on the Health Insurance Exchange. This exceptional Net Asset growth gives these New Jersey 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.