Saturday, February 14, 2015

Delaware Non-Profit Hospital Net Assets (Financial Strength) Up 117% Since 2008 Financial Meltdown ..... The Main Reason Health Insurance Premiums Are Now So Reasonable on Health Insurance Exchange

From a review of the Electronic Municipal Market Access (EMMA), I found 2 Non-Profit Hospital Organizations both headquartered in the State of Delaware 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 2 Delaware Hospital Organizations at both the most recent reported date and also at the end of the Fiscal Year which included the late 2008 US Financial Meltdown:







Net Net







Assets Assets






FYE FYE %






Balance Balance Increase






Sheet Sheet Since




Most
Date Date FYE



Most Recent
Including Including Including



Recent Balance
2008-09 2008-09 2008-09



Balance Sheet
US US US
City State Sheet Net
Financial Financial Financial
US Hospital Organization HQs HQs Date Assets
Meltdown Meltdown Meltdown




mil $s
mil $s









Christiana Care Health Services Wilmington DE Dec 14     1,877
Jun 09         881 113%
BayHealth Medical Center Dover DE Dec 14        636
Jun 09         276 130%








Total of both


     2,513

      1,157 117%

As you can see from the above chart, the Total Net Assets (Financial Strength) of these 2 largest Delaware Hospital Organizations totaled $2,513 mil, up a very impressive 117% from such Total Net Asset amounts of $1,157 mil at their fiscal year ends which included the 2008-09 US Financial Meltdown.

With such an impressive Delaware Hospital Net Asset percentage increase, a key beneficiary of this will be Delaware citizens who have elected or will be electing to buy health insurance on the Health Insurance Exchange.  This superb Net Asset growth has given and will continue to give these Delaware Hospitals the financial flexibility to moderate their pricing for hospital and other health care 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.