New York Non-Profit Hospital Net Assets (Financial Strength) Up 134% 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 11 Non-Profit Hospital Organizations all headquartered in the State of New York 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 New York Non-Profit 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
Memorial Sloan-Kettering Cancer Center	New York	NY	Sep 14	5,339		Dec 08	3,224	66%
New York and Presbyterian Hospital	New York	NY	Sep 14	5,075		Dec 08	2,333	118%
North Shore Long Island Jewish Health	Great Neck	NY	Sep 14	3,134		Dec 08	614	410%
NYU Hospitals Center	New York	NY	Nov 14	1,612		Aug 09	401	302%
Mount Sinai Hospital	New York	NY	Sep 14	1,265		Dec 08	477	165%
Icahn School Medicine Mount Sinai	New York	NY	Dec 13	1,129		Dec 08	765	48%
Catholic Health Services Long Island	Rockville Centre	NY	Sep 14	1,047		Dec 08	561	87%
Montefiore Medical Center	New York	NY	Sep 14	945		Dec 08	320	195%
St. Peters Health Partners	Albany	NY	Dec 14	847		Dec 08	158	436%
Hospital for Special Surgery	New York	NY	Dec 14	702		Dec 08	269	161%
Albany Medical Center	Albany	NY	Dec 14	516		Dec 08	113	357%
Total all 11				21,611			9,235	134%

As you can see from the above chart, the Total Net Assets (Financial Strength) of these 11 largest New York Hospital Organizations totaled a massive $21,611 mil, up a huge 134% from such Total Net Asset amounts of $9,235 mil at their fiscal year ends which included the 2008-09 US Financial Meltdown.

With such a very impressive New York Hospital Net Asset percentage increase, a key beneficiary of this will be New York 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 York 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