Washington State Non-Profit Hospital Net Assets (Financial Strength) Up 98% Since 2008 Financial Meltdown ..... The Main Reason Health Insurance Premiums Are Now Reasonable on Health Insurance Exchange

From a review of the Electronic Municipal Market Access (EMMA), I found 8 Non-Profit Hospital Organizations all headquartered in the State of Washington 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 8 Washington State 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
Providence Health	Renton	WA	Sep 14	8,178		Dec 08	3,911	109%
Seattle Children's Healthcare	Seattle	WA	Dec 14	2,207		Sep 09	1,195	85%
MultiCare Health System	Tacoma	WA	Dec 14	1,861		Dec 08	650	186%
PeaceHealth	Vancouver	WA	Dec 14	1,827		Jun 09	897	104%
Univ Washington Med Center	Seattle	WA	Jun 14	683		Jun 09	495	38%
Harborview Medical Center	Seattle	WA	Jun 14	616		Jun 09	662	-7%
Overlake Hospital Association	Bellevue	WA	Dec 14	443		Jun 09	199	123%
Virginia Mason Medical Center	Seattle	WA	Dec 14	416		Dec 08	195	113%
Total all 8				16,231			8,204	98%

As you can see from the above chart, the Total Net Assets (Financial Strength) of these 8 largest Washington State Hospital Organizations totaled $16,231 mil, up an impressive 98% from such Total Net Asset amounts of $8,204 mil at their fiscal year ends which included the 2008-09 US Financial Meltdown.

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