Kaiser Revenue, Profit Up in 2006

Published on:
19 February 2007 at 04:45 a.m. ET

Written by: Unknown Author –

http://www.insidearm.com/news/00021401-kaiser-revenue-profit-up-in-2006/

Kaiser’s nonprofit Kaiser Foundation Health Plan Inc., Kaiser Foundation Hospitals and subsidiaries posted increases in revenue, net income and health plan membership last year.

Revenues in 2006 jumped to $34.4 billion from $31.1 billion the previous year.

Net income topped $1.3 billion, compared with $1 billion in 2005, a 30 percent increase. Its operating margin increased nearly 7.7 percent to 2.8 percent, up from 2.6 percent in 2005.

"We continue to make investments to enhance access, affordability and quality of care," Kaiser Foundation Chairman and CEO George Halvorson said in a statement. "Our new product offerings have contributed to an increase in total membership, and we have made progress in reducing the overall cost trend, which is vital to ensure that we offer long-term, sustainable value for our members."

Kaiser Revenue, Profit Up in 2006

Unknown Author

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