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Kaiser sees 64 percent drop in net income
East Bay Business Times, May 6, 2008
Kaiser Foundation Hospitals and Health Plan has reported late that it saw a 64% drop in net income in the first quarter due to investment losses. Kaiser reported $250 million of net income for the quarter ended March 31, compared with $698 million in the prior-year quarter. Kaiser attributed its drop in net income to "turbulence in the financial markets" impacting its investment portfolio.
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