Ohio Non-Profit Hospitals Net Assets Up 104% Under Obama and the Affordable Care Act

From a review of the Electronic Municipal Market Access (EMMA), I found 15 Non-Profit Hospital Organizations headquartered in the State of Ohio 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 15 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
Cleveland Clinic Health System	Cleveland	OH	Jun 14	6,592		Dec 08	2,715	143%
OhioHealth	Columbus	OH	Mar 14	3,213		Jun 09	1,259	155%
Catholic Health Partners	Cincinnati	OH	Jun 14	3,210		Dec 08	1,614	99%
Cincinnati Children's Hospital Medical Ctr	Cincinnati	OH	Mar 14	2,234		Jun 09	1,140	96%
Nationwide Children's Hospital	Columbus	OH	Jun 14	1,923		Dec 08	761	153%
University Hospitals Health System	Cleveland	OH	Jun 14	1,885		Dec 08	1,078	75%
Premier Health Partners	Dayton	OH	Jun 14	1,741		Dec 08	1,111	57%
ProMedica Health Care	Toledo	OH	Jun 14	1,668		Dec 08	1,042	60%
Mount Carmel Health	Columbus	OH	Jun 13	1,238		Jun 09	850	46%
Summa Health System	Akron	OH	Jun 14	963		Dec 08	407	137%
Ohio State Univ Wexner Med Ctr	Columbus	OH	Jun 13	924		Jun 09	555	66%
Kettering Health Network	Dayton	OH	Jun 14	868		Dec 08	340	155%
UC Health (Cincinnati)	Cincinnati	OH	Jun 14	707		Jun 09	415	70%
Children's Hospital Med Center Akron	Akron	OH	Jun 14	613		Dec 08	247	148%
Christ Hospital Health Network	Cincinnati	OH	Jun 14	488		Jun 09	317	54%
Total all 15				28,267			13,851	104%

As you can see from the above chart, the Total Net Assets (Financial Strength) of these 15 Ohio Non-Profit Hospital Organizations increased by a spectacular 104% to $28.267 bil so far during the Obama Administration.

The lowest percentage increase of the 15 was a robust 46%.

In just the past 12 months, this Total Net Asset increase grew substantially from 65% to 104%.  The main driver here was Cleveland Clinic's giant $1.2 bil increase in Net Assets from $5.392 bil at June 30, 2013 to $6.592 bil at June 30, 2014.

Very positively impacting this massive increase in the Net Assets (Financial Strength) of these 15 Ohio 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 15 Ohio 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 15 Ohio Hospitals, a key beneficiary of this has been and will continue to be Ohio citizens electing to buy health insurance on the Health Insurance Exchange.  This exceptional Net Asset growth gives these Ohio 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.