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Kaiser Permanente’s Q1 profits soar 44 percent, to $1.1 billion
Sacramento Business Journal

Kaiser Permanente is sitting on a pile of first-quarter profits, up nearly 44 percent from a year ago at $1.1 billion. Its Kaiser Foundation Hospitals, Kaiser Foundation Health Plan Inc. and subsidiaries reported big positives on all fronts May 9 for the year’s first quarter, ending March 31.

Like other big health care systems locally and nationally, Kaiser is chanting the mantra of affordability and cost-reduction, as it moves to take advantage of and adjust to the opportunities and demands of health reform under President Barack Obama’s Affordable Care Act.

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