Tennessee Non-Profit & Publicly-held Hospital Net Assets (Financial Strength) Up 5,328% 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 7 Non-Profit Hospital Organizations and 5 Publicly-held Hospital Companies all headquartered in the State of Tennessee with Net Assets or (Deficits) (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 (Deficits) of these 12 Tennessee 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
St Jude Children's Research Hospital	Memphis	TN	Dec 14	3,592		Jun 09	1,907	88%
Baptist Memorial Health Care	Memphis	TN	Dec 14	1,632		Sep 09	1,501	9%
Methodist Le Bonheur Healthcare	Memphis	TN	Sep 14	1,241		Dec 08	451	175%
Covenant Health	Knoxville	TN	Sep 14	1,072		Dec 08	614	75%
Mountain States Health Alliance	Johnson City	TN	Dec 14	737		Jun 09	450	64%
West Tennessee Healthcare	Jackson	TN	Dec 14	582		Jun 09	425	37%
Wellmont Health System	Kingsport	TN	Dec 14	546		Jun 09	325	68%
Community Health Systems (Publicly-held Co)	Franklin	TN	Sep 14	3,970		Dec 08	1,673	137%
LifePoint Hospitals (Publicly-held Co)	Brentwood	TN	Dec 14	2,182		Dec 08	1,656	32%
Amsurg (Publicly-held Co)	Nashville	TN	Sep 14	2,058		Dec 08	463	344%
Acadia Healthcare (Publicly-held Co)	Franklin	TN	Dec 14	881		Dec 08	16	5406%
HCA (Publicly-held Co)	Nashville	TN	Dec 14	(6,498)		Dec 08	(9,260)	25%
Total all 12				11,995			221	5,328%

As you can see from the above chart, the Total Net Assets (Financial Strength) of these 12 largest Tennessee Hospital Organizations totaled $11,995 mil, up an incredibly off-the-charts 5,328% from such Total Net Asset amounts of $221 mil at their fiscal year ends which included the 2008-09 US Financial Meltdown.

With such an incredibly off-the-charts Tennessee Hospital Net Asset percentage increase, a key beneficiary of this will be Tennessee 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 Tennessee 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.