Kaiser Permanente reports $1.5B net loss in third quarter

Kaiser Permanente reported a $1.5 billion net loss in the third quarter, as market conditions still weigh heavily upon financial performance. A year ago, the health system generated $1.6 billion in net income.

Operating revenue increased 4.7% to $24.3 billion, but expenses rose 5.2%. Kaiser Permanente, a nonprofit integrated health system based in Oakland, California, posted a $75 million operating loss in the third quarter, compared with…