North Carolina Non-Profit Hospital Net Assets (Financial Strength) Up 68% 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 15 Non-Profit Hospital Organizations all headquartered in the State of North Carolina 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 15 North Carolina 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
Carolinas Health Care System	Charlotte	NC	Sep 14	4,278		Dec 08	2,340	83%
Duke University Health System	Durham	NC	Dec 14	3,078		Jun 09	1,392	121%
Novant Health	Winston-Salem	NC	Sep 14	2,679		Dec 08	1,557	72%
Cone Health	Greensboro	NC	Dec 14	1,496		Sep 09	894	67%
Mission Health System	Asheville	NC	Dec 14	1,427		Sep 09	882	62%
University North Carolina Hospitals	Chapel Hill	NC	Dec 14	1,338		Jun 09	911	47%
Vidant Health	Greenville	NC	Sep 14	1,014		Sep 09	587	73%
North Carolina Baptist Hospital	Winston-Salem	NC	Sep 14	1,008		Jun 09	715	41%
WakeMed Health	Raleigh	NC	Dec 14	920		Sep 09	719	28%
CaroMont Health	Gastonia	NC	Dec 14	736		Jun 09	386	91%
FirstHealth of the Carolinas	Pinehurst	NC	Dec 14	691		Sep 09	458	51%
New Hanover Regional Medical Center	Wilmington	NC	Sep 14	643		Sep 09	450	43%
Wake Forest Univ Health Sciences	Winston-Salem	NC	Sep 14	637		Jun 09	510	25%
Rex Healthcare	Raleigh	NC	Jun 14	480		Jun 09	297	62%
Cape Fear Valley Health System	Fayetteville	NC	Dec 14	456		Sep 09	315	45%
Total all 15				20,881			12,413	68%

As you can see from the above chart, the Total Net Assets (Financial Strength) of these 15 largest North Carolina Hospital Organizations totaled a massive $20,881 mil at the most recently reported date, up a very solid 68% from such Total Net Asset amounts of $12,413 mil at their fiscal year ends which included the 2008-09 US Financial Meltdown.

With such a very solid North Carolina Hospital Net Asset percentage increase, a key beneficiary of this will be North Carolina 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 North Carolina 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.