Washington State Non-Profit Hospitals Net Assets Up 96% 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 Washington with Net Assets (i.e. Financial Strength or Total Assets minus Total Liabilities) at the most recent date reported 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
Providence Health	Renton	WA	Jun 14	8,121		Dec 08	3,911	108%
Seattle Children's Healthcare	Seattle	WA	Jun 14	2,117		Sep 09	1,195	77%
MultiCare Health System	Tacoma	WA	Jun 14	1,905		Dec 08	650	193%
PeaceHealth	Vancouver	WA	Jun 14	1,779		Jun 09	897	98%
Univ Washington Med Center	Seattle	WA	Jun 13	669		Jun 09	495	35%
Harborview Medical Center	Seattle	WA	Jun 13	622		Jun 09	662	-6%
Overlake Hospital Association	Bellevue	WA	Jun 14	435		Jun 09	199	119%
Virginia Mason Medical Center	Seattle	WA	Jun 14	422		Dec 08	195	116%
Total all 8				16,070			8,204	96%

As you can see from the above chart, the Total Net Assets (Financial Strength) of these 8 Washington Non-Profit Hospital Organizations increased by a spectacular 96% to $16.070 bil so far during the Obama Administration.

Very positively impacting this major increase in the Net Assets (Financial Strength) of these 8 Washington 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 Washington 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 Washington Hospitals, a key beneficiary of this has been and will continue to be Washington citizens electing to buy health insurance on the Health Insurance Exchange.  This exceptional Net Asset growth gives these Washington 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.