Michigan Non-Profit Hospital Net Assets (Financial Strength) Up 86% 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 Michigan 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 Michigan 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
CHE Trinity Health	Livonia	MI	Sep 14	10,767		Mar 09	6,008	79%
Spectrum Health System	Grand Rapids	MI	Dec 14	2,407		Jun 09	1,128	113%
Henry Ford Health System	Detroit	MI	Sep 14	1,586		Dec 08	1,053	51%
McLaren Health Care	Flint	MI	Dec 14	1,459		Sep 09	682	114%
Beaumont Health System	Royal Oak	MI	Sep 14	1,266		Dec 08	787	61%
Sparrow Health System	Lansing	MI	Sep 14	832		Dec 08	318	162%
MidMichigan Health	Midland	MI	Dec 14	675		Jun 09	414	63%
Lakeland Hospitals	St Joseph	MI	Dec 14	642		Sep 09	353	82%
Bronson Healthcare Group	Kalamazoo	MI	Dec 14	634		Dec 08	226	181%
Oakwood Healthcare	Dearborn	MI	Sep 14	565		Dec 08	234	141%
Munson Healthcare	Traverse City	MI	Dec 14	539		Jun 09	264	104%
Total all 11				21,372			11,467	86%

As you can see from the above chart, the Total Net Assets (Financial Strength) of these 11 largest Michigan Hospital Organizations totaled a massive $21,372 mil, up a very robust 86% from such Total Net Asset amounts of $11,467 mil at their fiscal year ends which included the 2008-09 US Financial Meltdown.

With such an impressive Michigan Hospital Net Asset percentage increase, a key beneficiary of this will be Michigan 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 Michigan 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.