Kaiser On The Ropes?

According this remarkable and alarming story by the Chron‘s Victoria Colliver, internal records project that the East Bay HMO giant Kaiser Permanente could lose $7 billion dollars over the next two years. The projections are based upon declining Medicare revenue coupled with operating costs that are rising by ten percent a year. The distressing news was exposed when disgruntled Kaiser employee Justen Deal sent financial details in an email to no less than 180,000 of his fellow workers. Deal has been placed on “administrative leave.” Read the whole story and ask yourself how long the healthcare crisis can get worse with each passing year.

18,656FansLike
0FollowersFollow
67,429FollowersFollow
Support the East Bay Express, local news, donate

Newsletter sign-up

eLert sign-up

Oakland
few clouds
56.8 ° F
62 °
51 °
59 %
4.5mph
20 %
Thu
60 °
Fri
60 °
Sat
59 °
Sun
56 °
Mon
53 °