Virginia Non-Profit Hospitals Net Assets Up 130% 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 Virginia with Net Assets (i.e. Financial Strength or Total Assets minus Total Liabilities) at the most recent date reported in 2014 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
Inova Health System	Falls Church	VA	Jun 14	4,390		Dec 08	1,885	133%
Sentara HealthCare	Norfolk	VA	Jun 14	3,912		Dec 08	1,489	163%
Virginia Commonwealth Univ Health	Richmond	VA	Jun 14	1,632		Jun 09	756	116%
Virginia Hospital Center Arlington	Arlington	VA	Jun 14	769		Dec 08	351	119%
Valley Health System	Winchester	VA	Jun 14	759		Dec 08	434	75%
Carilion Clinic	Roanoke	VA	Jun 14	728		Sep 09	357	104%
Centra Health	Lynchburg	VA	Jun 14	549		Dec 08	233	136%
Augusta Health Care	Augusta County	VA	Jun 14	448		Dec 08	229	96%
Total all 8				13,187			5,734	130%

As you can see from the above chart, the Total Net Assets (Financial Strength) of these 8 Virginia Non-Profit Hospital Organizations increased by a phenomenal 130% to $13.187 bil so far during the Obama Administration.

An incredibly high 6 of these 8 Virginia Hospitals had their Net Asset growth more than double so far during the Obama Administration.

The lowest Net Asset growth over the Obama Administration of the 8 Virginia Hospitals was a very strong 75%.

Very positively impacting this major increase in the Net Assets (Financial Strength) of these 8 Virginia 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 increase in Net Assets (Financial Strength) of these 8 Virginia Non-Profit Hospital Organizations.

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 substantial Net Asset percentage increases of these 8 Virginia Hospitals, a key beneficiary of this has been and will continue to be Virginia citizens electing to buy health insurance on the Health Insurance Exchange.  This exceptional Net Asset growth gives these Virginia 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.