West Virginia Non-Profit Hospital Net Assets (Financial Strength) Up 101% 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 2 Non-Profit Hospital Organizations both headquartered in the State of West 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 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:

							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
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.