Investment gains help health insurers post profits

Kaiser turns around a loss and sets the groundwork for expansion and cost cutting

By Kristen Consillio

POSTED: 01:30 a.m. HST, Nov 16, 2012

~~<p>Amid a company reorganization and cutting costs, Kaiser Permanente Hawaii said Thursday it earned $800,000 in the third quarter, reversing an $800,000 loss in the same quarter a year ago.</p>
<p>Operating revenue at the state's largest health maintenance organization grew to $280.5 million in the quarter that ended Sept. 30, up from $267.7 million, while expenses rose to $281.2 million from $269.6 million. That resulted in a $700,000 operating loss, down from an operating loss of $1.9 million in the year-earlier period.</p>
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Amid a company reorganization and cutting costs, Kaiser Permanente Hawaii said Thursday it earned $800,000 in the third quarter, reversing an $800,000 loss in the same quarter a year ago.

Operating revenue at the state's largest health maintenance organization grew to $280.5 million in the quarter that ended Sept. 30, up from $267.7 million, while expenses rose to $281.2 million from $269.6 million. That resulted in a $700,000 operating loss, down from an operating loss of $1.9 million in the year-earlier period. Login for more...