Sunday, February 15, 2015

Wisconsin Non-Profit Hospital Net Assets (Financial Strength) Up 100% 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 12 Non-Profit Hospital Organizations all headquartered in the State of Wisconsin 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 12 Wisconsin 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









Aurora Health Care Milwaukee WI Sep 14     1,745
Dec 08         546 220%
Froedtert Health Milwaukee WI Sep 14     1,556
Jun 09         824 89%
Medical College Wisconsin Milwaukee WI Dec 14     1,428
Jun 09         808 77%
Ministry Health Care Milwaukee WI Sep 14     1,197
Sep 09         730 64%
Children's Hospital and Health System Wisconsin Milwaukee WI Dec 14     1,162
Dec 08         460 153%
Wheaton Franciscan Health Glendale WI Dec 14     1,104
Jun 09         704 57%
University Wisconsin Hospitals & Clinics Madison WI Sep 14        987
Jun 09         514 92%
Marshfield Clinic Marshfield WI Sep 14        903
Sep 09         554 63%
Gundersen Lutheran Health La Crosse WI Sep 14        824
Dec 08         429 92%
ThedaCare Appleton WI Dec 14        735
Dec 08         289 154%
ProHealth Care Waukesha WI Dec 14        712
Sep 09         423 68%
Aspirus Obligated Group Wausau WI Sep 14        638
Jun 09         211 202%









Total all 12


   12,991

      6,492 100%

As you can see from the above chart, the Total Net Assets (Financial Strength) of these 12 largest Wisconsin Hospital Organizations totaled $12,991 mil, up an impressive 100% from such Total Net Asset amounts of $6,492 mil at their fiscal year ends which included the 2008-09 US Financial Meltdown.

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