Below here are the Net Assets of these 2 West 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:
|US Hospital Organization||HQs||HQs||Date||Assets||Meltdown||Meltdown||Meltdown|
|mil $s||mil $s|
|West Virginia United Health System||Fairmont||WV||Sep 14||1,084||Dec 08||608||78%|
|CAMC Health System||Charleston||WV||Dec 14||559||Dec 08||211||165%|
|Total of both||1,643||819||101%|
As you can see from the above chart, the Total Net Assets (Financial Strength) of these 2 largest West Virginia Hospital Organizations totaled $1,643 mil, up an impressive 101% from such Total Net Asset amounts of $819 mil at their fiscal year ends which included the 2008-09 US Financial Meltdown.
With such a very impressive West Virginia Hospital Net Asset percentage increase, a key beneficiary of this will be West 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 West 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.