Kaiser Permanente has a rough first half as Q2 net loss exceeds $1B

Kaiser Permanente reported a $1.3 billion net loss in the second quarter, a 144% plunge from a year ago.

Operating income for Kaiser, a not-for-profit integrated health system, fell nearly 75% year-over-year to $89 million. Expenses rose by 0.2% to $23.38 billion, while revenue fell 0.9% to $23.47 billion. Kaiser’s operating margin was 0.4%.

It attributed the losses to investment market conditions. 

Tom Meier, corporate treasurer, said…