New Jersey Non-Profit Hospital Net Assets (Financial Strength) Up a Massive 202% 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 8 Non-Profit Hospital Organizations all headquartered in the State of New Jersey 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 New Jersey 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
AHS (Atlantic Health System) Hospital	Morristown	NJ	Dec 14	1,403		Dec 08	510	175%
Virtua Health	Marlton	NJ	Dec 14	1,281		Dec 08	566	126%
Robert Wood Johnson University Hospital	New Brunswick	NJ	Dec 14	962		Dec 08	457	111%
Meridian Hospitals	Red Bank	NJ	Sep 14	946		Dec 08	339	179%
Barnabus Health	West Orange	NJ	Dec 14	922		Dec 08	(290)	324%
Hackensack University Medical Center	Hackensack	NJ	Dec 14	597		Dec 08	297	101%
AtlantiCare Regional Medical Center	Galloway	NJ	Sep 14	532		Dec 08	262	103%
Cooper Health Obligated Group	Camden	NJ	Dec 14	492		Dec 08	218	126%
Total all 8				7,135			2,359	202%

As you can see from the above chart, the Total Net Assets (Financial Strength) of these 8 largest New Jersey Hospital Organizations totaled $7,135 mil, up an off-the-charts 202% from such Total Net Asset amounts of $2,359 mil at their fiscal year ends which included the 2008-09 US Financial Meltdown.

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