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Kaiser Permanente reported a net loss of $4.5 billion in 2022, down from net income of $8.1 billion in 2021, Becker’s Hospital Review reports. The swing from profitability in 2021 to a net loss in 2022 reflects an increase in health care costs driven by inflation, high COVID-19 costs, ongoing labor shortages and a rise in care volume, according to Oakland, California-based Kaiser.
1. FTC refunds customers for fraudulent health plans sold by Benefytt
2. Health systems consider dropping Medicare Advantage plans due to financial losses
3. UnitedHealth faces rising lawsuits following Change Healthcare cyberattack
4. MedPAC calls for 'major overhaul' of Medicare Advantage policies
5. Medicare to cover Novo Nordisk's weight-loss drug for heart patients
6. AT&T faces second lawsuit over $8 billion pension risk transfer