Tuesday, November 7, 2006

Kaiser On The Ropes?

By Chris Thompson
Tue, Nov 7, 2006 at 3:24 PM

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.

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