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Employee Benefits

Kaiser reports $4.5 billion loss for 2022, citing higher costs

February 13, 2023 Reprints

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.

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Kaiser reports $4.5 billion loss for 2022, citing higher costs

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