This article is reprinted from the Speak Out Now healthcare newsletter at Kaiser and Highland Hospitals in Oakland, CA.
Last month, Kaiser announced their 2024 financial results, including $12.9 billion dollars in profits! This was a 300% increase in their profits compared to 2023. More than half of these new profits were from new healthcare facilities across the country that Kaiser bought up in the last year.
Last year, Kaiser created a subsidiary called Risant Health which acquired existing healthcare organizations operating in Pennsylvania (Geisinger Health) and North Carolina (Cone Health). Part of what generates these profits are things like short-staffing, where more services are billed to patients and insurance with as few workers as possible.
Kaiser’s upper management have their sights set on national expansion and the increased profits that can come from it, but what about the experiences of workers and patients?
Click here to read the article printed in the 03-26-25 Healthcare Newsletter
