Virginia Non-Profit Hospital Net Assets (Financial Strength) Up 126% 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 9 Non-Profit Hospital Organizations all headquartered in the State of Virginia 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 9 Virginia 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
Inova Health System	Falls Church	VA	Sep 14	4,429		Dec 08	1,885	135%
Sentara HealthCare	Norfolk	VA	Sep 14	3,966		Dec 08	1,489	166%
Virginia Commonwealth Univ Health	Richmond	VA	Sep 14	1,686		Jun 09	756	123%
Virginia Hospital Center Arlington	Arlington	VA	Dec 14	784		Dec 08	351	123%
Valley Health System	Winchester	VA	Sep 14	755		Dec 08	434	74%
St Marys Hospital	Richmond	VA	Nov 14	615		Aug 09	373	65%
Carilion Clinic	Roanoke	VA	Dec 14	582		Sep 09	357	63%
Centra Health	Lynchburg	VA	Dec 14	535		Dec 08	233	130%
Augusta Health Care	Augusta County	VA	Sep 14	449		Dec 08	229	96%
Total all 9				13,801			6,107	126%

As you can see from the above chart, the Total Net Assets (Financial Strength) of these 9 largest Virginia Hospital Organizations totaled $13,801 mil, up a huge 126% from such Total Net Asset amounts of $6,107 mil at their fiscal year ends which included the 2008-09 US Financial Meltdown.

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