Massachusetts Non-Profit Hospital Net Assets (Financial Strength) Up 62% Since 2008 Financial Meltdown ..... The Main Reason Health Insurance Premiums Are Now Reasonable on Health Insurance Exchange

From a review of the Electronic Municipal Market Access (EMMA), I found 11 Non-Profit Hospital Organizations all headquartered in the State of Massachusetts 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 11 Massachusetts 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
Partners Healthcare System	Boston	MA	Dec 14	6,931		Sep 09	4,975	39%
Boston Childrens Hospital	Boston	MA	Sep 14	4,784		Sep 09	2,516	90%
CareGroup Healthcare System	Boston	MA	Sep 14	1,718		Sep 09	978	76%
BMC Health System	Boston	MA	Sep 14	1,472		Sep 09	1,026	43%
Dana-Farber Cancer Institute	Boston	MA	Sep 14	1,312		Sep 09	836	57%
Baystate Health	Springfield	MA	Sep 14	912		Sep 09	361	153%
UMass Memorial HealthCare	Worchester	MA	Sep 14	879		Sep 09	545	61%
Lahey Clinic Medical Center	Burlington	MA	Jun 14	727		Sep 09	357	104%
SouthCoast Health System	New Medford	MA	Dec 14	675		Sep 09	485	39%
Cape Cod Healthcare	Hyannis	MA	Dec 14	501		Sep 09	288	74%
Covenant Health Systems	Lexington	MA	Dec 13	454		Dec 08	242	88%
Total all 11				20,365			12,609	62%

As you can see from the above chart, the Total Net Assets (Financial Strength) of these 11 largest Massachusetts Hospital Organizations totaled a massive $20,365 mil at the most recently reported date, up a solid 62% from such Total Net Asset amounts of $12,609 mil at their fiscal year ends which included the 2008-09 US Financial Meltdown.

With such a solid Massachusetts Hospital Net Asset percentage increase, a key beneficiary of this will be Massachusetts citizens who have elected or will be electing to buy health insurance on the Health Insurance Exchange.  This solid Net Asset growth has given and will continue to give these Massachusetts 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.