New Jersey Non-Profit Hospitals Net Assets Up 190% Under Obama and the Affordable Care Act

From a review of the Electronic Municipal Market Access (EMMA), I found 8 Non-Profit Hospital Organizations headquartered in the State of New Jersey 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 8 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
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.