Black People : NEWS: Kaiser Permanente posts $2.1B in 2009 profits

Discussion in 'Black People Open Forum' started by skuderjaymes, Feb 12, 2010.

  1. skuderjaymes

    skuderjaymes Contextualizer Synthesizer MEMBER

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    Kaiser Permanente, one of Northern California's most dominant health
    systems, said Friday its net income bounced back last year from the
    doldrums of 2008, yielding a profit of $2.1 billion in 2009, versus a horrific
    loss of $794 million two years ago.

    In a truncated financial statement released late Friday, Kaiser said that total
    operating revenue for fiscal 2009 was $42.1 billion, up 4.5 percent from
    2008's $40.3 billion. Operating income for the year, at $1.6 billion, or 3.8
    percent of revenue, was comparable to 2008's $1.5 billion, or 3.6 percent of
    revenue.

    In terms of net non-operating income, such as investments on Wall Street
    and the like, Kaiser said it totaled $524 million last year, compared to a
    mammoth loss of $2.3 billion in 2008.

    full story: http://www.bizjournals.com/sanfrancisco/stories/2010/02/08/daily64.html
     
  2. skuderjaymes

    skuderjaymes Contextualizer Synthesizer MEMBER

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    and that's why our medical bills are so high.. they gotta get their money.
     
  3. Josef

    Josef Well-Known Member MEMBER

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    what is your take on globilising medicine?

    what I mean is,

    giving patients the green light to shop for medines,

    surgical operations, and the such from nation to nation?

    I was listening to an author last week on talk radio, who was convinced that by opening up the market, this would most effectively break up the monopoly...

    and drive prices down...
     
  4. skuderjaymes

    skuderjaymes Contextualizer Synthesizer MEMBER

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    I disagree.. I think all it would do is create even larger monopolies.. Foreign
    governments would open up their health care industries to foreign investment
    and large multi-national corporations would swoop in and take control.
    That's how I think it would play out. I think Health as a market is as backward
    and ruthless as slavery.. some things should just not be made into for profit
    businesses..
     
  5. Knowledge Seed

    Knowledge Seed Well-Known Member MEMBER

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    You can always take care of yourself instead of depending on corporations.

    A good start is Heinerman's Encyclopedia of Healing Juices by Dr. John Heinerman and Proven Home Remedies and Natural Healing Secrets by the FC&A
     
  6. Josef

    Josef Well-Known Member MEMBER

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    I found a term that sounds more fitting to my previous one

    Medical tourism:

    http://en.wikipedia.org/wiki/Medical_tourism

    According to an article by the University of Delaware publication, UDaily:

    “ The cost of surgery in India, Thailand or South Africa can be one-tenth of what it is in the United States or Western Europe, and sometimes even less. A heart-valve replacement that would cost $200,000 or more in the US, for example, goes for $10,000 in India--and that includes round-trip airfare and a brief vacation package. Similarly, a metal-free dental bridge worth $5,500 in the US costs $500 in India, a knee replacement in Thailand with six days of physical therapy costs about one-fifth of what it would in the States, and Lasik eye surgery worth $3,700 in the US is available in many other countries for only $730. Cosmetic surgery savings are even greater: A full facelift that would cost $20,000 in the US runs about $1,250 in South Africa.[12] ”

    Popular medical travel worldwide destinations include: Argentina, Brunei, Cuba, Colombia, Costa Rica, Hong Kong, Hungary, India, Jordan, Lithuania, Malaysia, The Philippines, Singapore, South Africa, Thailand, and recently, Saudi Arabia, UAE, South Korea, Tunisia and New Zealand.


    this grabbed my attention for a number of reasons, I am not sure of it's accuracy, & I'm interested in finding out more on the JCI

    according to http://news.health.com/2009/04/08/traveling-treatment

    6 Million Americans Travel Abroad Each Year for Surgeries, Medical Treatments





    http://www.google.com/search?q=+Joi...-us&ie=UTF-8&oe=UTF-8&startIndex=&startPage=1
     
  7. bientempo

    bientempo Well-Known Member MEMBER

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    This is true, for the most part here in the DR we are experiencing medical tourisum...... But the difference here is and in most other countries, you normally have a great experience at a much cheaper rate.
    The thing you don't have is recourse if something goes wrong! Your not going to sue the doctor, hospital, or country for medical malpractice, and receive mega bucks for pain and suffering, there may be a standard value place on what ever the procedure was, and that if anything will be what you receive!
    Why do you think that years ago when they had the explosion in India they sued in the USA. This was because under the law in India the amount to be paid was $600us per dead victim. They were able to do this because the company was a subsidiary of Union Carbide
    http://en.wikipedia.org/wiki/Bhopal_disaster

    You will not have that option in another country if you should have a medical problem. Not saying its a bad idea just that there are considerations other than financial
     
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