Sunday, February 15, 2015

Utah Non-Profit Hospital Net Assets (Financial Strength) Up a Massive 219% Since 2008 Financial Meltdown ..... The Main Reason Health Insurance Premiums Are Now So Very Reasonable on Health Insurance Exchange

From a review of the Electronic Municipal Market Access (EMMA), I found 2 Non-Profit Hospital Organizations both headquartered in the State of Utah 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 2 Utah 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


Balance Balance Increase

Sheet Sheet Since

Date Date FYE

Most Recent
Including Including Including

Recent Balance
2008-09 2008-09 2008-09

Balance Sheet
City State Sheet Net
Financial Financial Financial
US Hospital Organization HQs HQs Date Assets
Meltdown Meltdown Meltdown

mil $s
mil $s

IHC Health Services Salt Lake City UT Sep 14     5,658
Dec 08      1,582 258%
University Utah Hospitals & Clinics Salt Lake City UT Jun 14        470
Jun 09         341 38%

Total of both


      1,923 219%

As you can see from the above chart, the Total Net Assets (Financial Strength) of these 2 largest Utah Hospital Organizations totaled $6,128 mil, up an extremely impressive 219% from such Total Net Asset amounts of $1,923 mil at their fiscal year ends which included the 2008-09 US Financial Meltdown.

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