Pennsylvania Non-Profit & Publicly-held Hospitals Net Assets Up 110% 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) and financial statements in SEC filings, I found 14 Non-Profit Hospital Organizations and 2 Publicly-held Hospital Companies all headquartered in the State of Pennsylvania 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 16 Pennsylvania 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
UPMC	Pittsburgh	PA	Dec 14	5,430		Jun 09	2,756	97%
Children's Hospital Philadelphia	Philadelphia	PA	Dec 14	3,550		Jun 09	1,938	83%
University Penn Health System	Philadelphia	PA	Sep 14	2,639		Jun 09	1,163	127%
Geisinger Health System	Danville	PA	Sep 14	2,527		Jun 09	901	180%
Main Line Health	Paoli	PA	Dec 14	2,359		Jun 09	1,346	75%
Lehigh Valley Health Network	Allentown	PA	Dec 14	1,320		Jun 09	590	124%
Lancaster General Health	Lancaster	PA	Dec 14	1,108		Jun 09	622	78%
WellSpan Health	York	PA	Sep 14	920		Jun 09	387	138%
Abington Health	Abington	PA	Dec 14	873		Jun 09	518	69%
Guthrie Health	Sayre	PA	Dec 14	720		Jun 09	375	92%
Pinnacle Health System	Harrisburg	PA	Sep 14	655		Jun 09	304	115%
St Luke's University Health Network	Bethlehem	PA	Dec 14	630		Jun 09	298	111%
Albert Einstein Healthcare Network	Philadelphia	PA	Dec 14	531		Jun 09	401	32%
Susquehanna Health System	Williamsport	PA	Dec 14	474		Jun 09	226	110%
Universal Health Services (Publicly-held Co)	King of Prussia	PA	Sep 14	3,657		Dec 08	1,771	106%
Select Medical Holdings (Publicly-held Co)	Mechanicsburg	PA	Sep 14	764		Dec 08	(186)	NM
Total all 16				28,157			13,410	110%

As you can see from the above chart, the Total Net Assets (Financial Strength) of these 16 largest Pennsylvania Hospital Organizations totaled a massive $28,157 mil, up a very impressive 110% from such Total Net Asset amounts of $13,410 mil at their fiscal year ends which included the 2008-09 US Financial Meltdown.

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