Ohio Non-Profit Hospital Net Assets (Financial Strength) Up 114% 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 14 Non-Profit Hospital Organizations all headquartered in the State of Ohio 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 14 Ohio 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
Cleveland Clinic Health System	Cleveland	OH	Sep 14	6,741		Dec 08	2,715	148%
OhioHealth	Columbus	OH	Sep 14	3,359		Jun 09	1,259	167%
Mercy Health	Cincinnati	OH	Sep 14	3,223		Dec 08	1,614	100%
Cincinnati Children's Hospital Medical Ctr	Cincinnati	OH	Dec 14	2,488		Jun 09	1,140	118%
Nationwide Children's Hospital	Columbus	OH	Sep 14	1,977		Dec 08	761	160%
University Hospitals Health System	Cleveland	OH	Sep 14	1,924		Dec 08	1,078	78%
ProMedica Health Care	Toledo	OH	Sep 14	1,668		Dec 08	1,042	60%
Premier Health Partners	Dayton	OH	Dec 14	1,619		Dec 08	1,111	46%
Ohio State Univ Wexner Med Ctr	Columbus	OH	Jun 14	1,066		Jun 09	555	92%
Summa Health System	Akron	OH	Sep 14	958		Dec 08	407	135%
Kettering Health Network	Dayton	OH	Sep 14	904		Dec 08	340	166%
UC Health (Cincinnati)	Cincinnati	OH	Sep 14	703		Jun 09	415	69%
Children's Hospital Med Center Akron	Akron	OH	Dec 14	615		Dec 08	247	149%
Christ Hospital Health Network	Cincinnati	OH	Dec 14	533		Jun 09	317	68%
Total all 14				27,778			13,001	114%

As you can see from the above chart, the Total Net Assets (Financial Strength) of these 14 largest Ohio Hospital Organizations totaled a massive $27,778 mil, up a huge 114% from such Total Net Asset amounts of $13,001 mil at their fiscal year ends which included the 2008-09 US Financial Meltdown.

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