Kaiser Permanente, the non-profit health care provider and Roseville’s largest employer announced yesterday that it will slash more than 1,800 jobs in California or about 2% of it’s total workforce. Northern California is expected to take the brunt of layoffs which are estimated at 1,200.
In the first 6 months of 2009, Kaiser has lost 36,000 members due in part to an economy where people losing their jobs are also losing their health care coverage.
In spite of the membership loss, for the six months ended June 30, 2009, total operating revenue was $21.1 billion, compared to $20.2 billion in the same period last year. Year-to-date operating income was $1.0 billion, which is equivalent to the operating income reported in the same period last year.*