Is Kaiser Permanente financially stable?
The California division of Kaiser Permanente has always been fiscally solvent. Kaiser Permanente is actually composed of three different organizations in close partnership: The Permanente Medical Group (the physician group practice), the nonprofit Kaiser Foundation Health Plan (insurance plan), and the nonprofit Kaiser Foundation Hospital (hospital operations). Kaiser Permanente has medical centers and medical offices nationwide, including California, Colorado, District of Columbia, Georgia, Hawaii, Kansas, Maryland, Missouri, Ohio, Oregon, Virginia, and Washington. In recent years, Kaiser Permanente nationwide experienced financial difficulty due to increased competition in the managed care industry and increasing health care costs. Since then, however, Kaiser Permanente has been in the midst of a major turnaround and our financial picture has improved steadily.
