New York Non-Profit Hospitals Net Assets Up 127% 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 New York 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:

						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
Memorial Sloan-Kettering Cancer Center	New York	NY	Jun 14	5,341		Dec 08	3,224	66%
New York and Presbyterian Hospital	New York	NY	Jun 14	4,961		Dec 08	2,333	113%
North Shore Long Island Jewish Health	Great Neck	NY	Jun 14	3,143		Dec 08	614	412%
Mount Sinai Hospital	New York	NY	Jun 14	1,247		Dec 08	477	161%
NYU Hospitals Center	New York	NY	May 14	1,196		Aug 09	401	198%
Icahn School Medicine Mount Sinai	New York	NY	Dec 13	1,129		Dec 08	765	48%
Catholic Health Services Long Island	Rockville Centre	NY	Jun 14	1,050		Dec 08	561	87%
Montefiore Medical Center	New York	NY	Jun 14	953		Dec 08	320	198%
St. Peters Health Partners	Albany	NY	Jun 13	776		Dec 08	158	391%
Hospital for Special Surgery	New York	NY	Jun 14	671		Dec 08	269	149%
Albany Medical Center	Albany	NY	Dec 13	466		Dec 08	113	312%
Total all 11				20,933			9,235	127%

As you can see from the above chart, the Total Net Assets (Financial Strength) of these 11 New York Non-Profit Hospital Organizations increased by a spectacular 127% to $20.933 bil so far during the Obama Administration.

Eight of the 11 had their Total Net Assets more than double during the Obama Administration so far.

The lowest percentage increase of the 11 was a robust 48%.

Very positively impacting this massive increase in the Net Assets (Financial Strength) of these 11 New York 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 11 New York 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 11 New York Hospitals, a key beneficiary of this has been and will continue to be New York citizens electing to buy health insurance on the Health Insurance Exchange.  This exceptional Net Asset growth gives these New York 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.