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Kaiser says keeping rates affordable led to smaller surplus
Modern Healthcare

Kaiser Permanente continued to expand its membership in the third quarter, but its expenses grew faster than its membership rates in the period.

The Oakland, Calif.-based health plan and hospital network reported a decrease in operating income, which it attributed in part to keeping its rates affordable for members. Rates for 2015 increased at 1.2% on a per-member-per-month basis.

Its health plans, which include individual and group plans as well as Medicare and Medicaid plans, added 40,000 members in the quarter to reach 10.2 million.