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As market wobbles, Kaiser Permanente posts big Q3 loss
San Francisco Business Times

Kaiser Permanente took a big hit on Wall Street during the third quarter, posting a net loss of $115 million, due in large part to a nearly $500 million pasting on its quarterly investments. A year ago, it posted a far healthier $997 million in net income for the quarter. Net non-operating or investment income for the first three quarters also plummeted, from $901 million in 2014 to just $71 million this year. As a result, year-to-date net income for Kaiser’s nonprofit hospital and health plan operations is just $1.9 billion — less than two-thirds of last year’s $3.1 billion profit through nine months.

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