Wednesday, October 15, 2014

New Mexico Presbyterian Health Care Services Non-Profit Hospital Net Assets Up 166% Under Obama and the Affordable Care Act

From a review of the Electronic Municipal Market Access (EMMA), I found one Non-Profit Hospital Organization headquartered in the State of New Mexico with Net Assets (i.e. Financial Strength or Total Assets minus Total Liabilities) at the most recent date reported of more than $400 mil.  Below here are the Net Assets of this Hospital 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

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

Presbyterian Health Care Services Albuquerque NM  Jun 14         1,880
Dec 08           706 166%

As you can see from the above chart, the Total Net Assets (Financial Strength) of this New Mexico Hospital Organization increased by a spectacular 166% to $1.880 bil during the first 5.5 years of the Obama Administration.

In just the past 12 months, Presbyterian Health Care Service's Total Net Assets increase grew substantially from 117% to 166%.  Whew!  

Very positively impacting this massive increase in the Net Assets (Financial Strength) of this New Mexico Hospital Organization 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 this New Mexico 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 a spectacular Net Asset percentage increase of this New Mexico Hospital Organization, a key beneficiary of this has been and will continue to be New Mexico citizens electing to buy health insurance on the Health Insurance Exchange.  This exceptional Net Asset growth gives this New Mexico Hospital Organization 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.