Kaiser Health Says They Are Losing Money in Hawai`i

HONOLULU, OAHU (Ben Caxton) — A major medical insurance provider on the islands says they are losing money year-after-year and have not been able to come up with a plan stop the bleeding. The problems at Kaiser Foundation Health Plan and Hospitals of Hawaii, the state’s second-largest medical insurer, was revealed in a memo to employees by company president Ron Vance. The memo says the company lost $88 million in the last fiscal year ending in September and expects a “substantially greater” loss in 2020. Kaiser provides insurance for more than 250,000 members, second only to the Hawaii Medical Service Association, which has 729,000 members.

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