|mil $s||mil $s|
|Fletcher Allen Health Care||Burlington||VT||Jun 14||747||Sep 09||341||119%|
As you can see from the above chart, the Total Net Assets (Financial Strength) of Fletcher Allen Health Care increased by a spectacular 119% so far during the Obama Administration. And just in the past 12 months, this Net Asset growth increased substantially from 83% to 119%.
Very positively impacting this major increase in the Net Assets (Financial Strength) of Fletcher Allen Health Care 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 increase in Net Assets (Financial Strength) of Fletcher Allen Health Care.
A remarkable thing is that these 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 substantial Net Asset percentage increase of Fletcher Allen Health Care, a key beneficiary of this has been and will continue to be Vermont citizens electing to buy health insurance on the Health Insurance Exchange. This spectacular Net Asset growth gives Fletcher Allen Health Care 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.