South Carolina Non-Profit Hospital Net Assets (Financial Strength) Up 51% Since 2008 Financial Meltdown ..... The Main Reason Health Insurance Premiums Are Now Fairly Reasonable on Health Insurance Exchange

From a review of the Electronic Municipal Market Access (EMMA), I found 7 Non-Profit Hospital Organizations all headquartered in the State of South 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 7 South 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
McLeod Health	Florence	SC	Dec 14	1,068		Sep 09	533	100%
Greenville Hospital System	Greenville	SC	Sep 14	1,062		Sep 09	802	32%
Palmetto Health	Columbia	SC	Sep 14	835		Sep 09	593	41%
Lexington County Health Services District	West Columbia	SC	Sep 14	715		Sep 09	454	57%
Spartanburg Regional Healthcare System	Spartanburg	SC	Dec 14	598		Sep 09	487	23%
Self Regional Healthcare	Greenwood	SC	Sep 14	493		Sep 09	305	62%
Anmed Health	Anderson	SC	Sep 14	482		Sep 09	300	61%
Total all 7				5,253			3,474	51%

As you can see from the above chart, the Total Net Assets (Financial Strength) of these 7 largest South Carolina Hospital Organizations totaled $5,253 mil at the most recently reported date, up a solid 51% from such Total Net Asset amounts of $3,474 mil at their fiscal year ends which included the 2008-09 US Financial Meltdown.

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