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Kaiser’s Q1 net income up 64%
Sacramento Business Journal

Kaiser Permanente generated net income of $706 million for the first quarter of 2010, up 64 percent from $430 million for the same quarter last year, according to a financial report released Friday. The Oakland-based health plan and health care system reported operating revenue of $11 billion, up from $10.6 billion for the same period in 2009. Operating income dropped to $481 million from $624 million last year due to a decrease in Medicare managed care payments combined with increases in medical costs outside the Kaiser system.

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