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Old 02-26-2023, 08:33 AM
 
Location: Free From The Oppressive State
30,274 posts, read 23,751,941 times
Reputation: 38697
I love how everyone is completely ignoring:

Quote:
3.2 billion in gambling losses
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Old 02-26-2023, 08:57 AM
 
Location: Tyler, TX
23,861 posts, read 24,122,798 times
Reputation: 15135
Quote:
Originally Posted by mattja View Post
Some people actually like Kaiser (no one here calls it Kaiser Permanente.) I've known many people over the years who have had Kaiser and they say it's a lot better then it used to be. Lots of govt. employees have it. My wife had it when she worked for the City of Palo Alto; her cousin has it as a therapist at our county hospital. I think all the county employees here have it.

The homeless and illegal aliens go to the county health system; the county health system employees use Kaiser.

It seems to be a pretty good system.
They use it because it's cheap, not because it's good.

It's cheap because the doctors are employees of the insurance company.

Not much incentive for your doctor to suggest that costly procedure over the therapeutic route, even if the procedure would be more beneficial, since there's a risk of getting fired due to cost cutting down the road. If you're going to say that doctors wouldn't do that; that they'd stand up for the patient, look at the last three years and try to say it with a straight face.

With all the regulation in the insurance industry, you'd think that the Kaiser model would be illegal. Gee, I wonder why it's not.
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Old 02-26-2023, 09:03 AM
 
Location: Tyler, TX
23,861 posts, read 24,122,798 times
Reputation: 15135
Quote:
Originally Posted by Three Wolves In Snow View Post
I love how everyone is completely ignoring:
It's not like they went to Vegas and literally gambled it away.

From one of the links (paywalled; my link is an archive copy):
Quote:
Kaiser lost $3.2 billion due to poor market performance on investments.
https://archive.is/pLATG#selection-2601.0-2601.71

Don't know what those investments were, but I do think it's safe to assume that it wasn't bookie debt or a bad night at the craps table. "Gambling" was probably chosen to evoke a particular response, which it did.
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Old 02-26-2023, 09:15 AM
 
1,579 posts, read 951,280 times
Reputation: 3113
Quote:
Originally Posted by swagger View Post
It's not like they went to Vegas and literally gambled it away.

From one of the links (paywalled; my link is an archive copy):

https://archive.is/pLATG#selection-2601.0-2601.71

Don't know what those investments were, but I do think it's safe to assume that it wasn't bookie debt or a bad night at the craps table. "Gambling" was probably chosen to evoke a particular response, which it did.

Yeah, I didn't ignore it either. When I searched for the reason for the losses I and saw it was just investment losses. I wouldn't call it gambling any more than I would call my 401k gambling. Most non-profits invest.

I focused more in on why some people like me "choose" Kaiser based on another comment. For me, it's a case of that's the only option my employer offers.
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Old 02-26-2023, 09:17 AM
 
748 posts, read 340,048 times
Reputation: 732
Quote:
Originally Posted by lovecrowds View Post
Looks like Woke Kaiser Permanente based in Oakland would have gone broke this year if not for big government bailouts.

I remember walking by a Kaiser Permanente clinic and I thought it was a homeless health care clinic because of the massive line.

One has to question the sanity of anyone who would have anything to do with Kaiser Permanente Investment scheme that masquerades as a health care provider

I wonder if California and Massachusetts residents will have to pay a tremendous amount for commercial health insurance coverage because they have so much woke investment schemes that masquerade as health care systems that are losing so much money with their gambling and paying doctors and nurses more in one hour than many countries pay per month.

Seems like the combination of high nurses, high doctor wages and 3.2 billion in gambling loses caused a big loss for Kaiser Permanente.

Kaiser Permanente seems more like a hedge-fund or investment scheme though that runs some hospitals on the side.

Seems like Woke Massachusetts General Brigham hospital also lost 2.3 billion dollars.

https://www.fiercehealthcare.com/pro...er-financially

https://www.fiercehealthcare.com/pro...on%20in%202021.

https://www.beckershospitalreview.co...headwinds.html

https://www.modernhealthcare.com/fin...abor-tom-meier
How are they "woke?"
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Old 02-26-2023, 09:17 AM
 
5,946 posts, read 2,765,554 times
Reputation: 3453
Quote:
Originally Posted by swagger View Post
It's not like they went to Vegas and literally gambled it away.

From one of the links (paywalled; my link is an archive copy):

https://archive.is/pLATG#selection-2601.0-2601.71

Don't know what those investments were, but I do think it's safe to assume that it wasn't bookie debt or a bad night at the craps table. "Gambling" was probably chosen to evoke a particular response, which it did.
Probably tech. Nasdaq got destroyed in the tech implosion.
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Old 02-26-2023, 10:33 AM
 
Location: Living rent free in your head
42,850 posts, read 26,301,017 times
Reputation: 34059
Quote:
Originally Posted by anthony_c55 View Post
How are they "woke?"
That's what I'm wondering too...
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Old 02-26-2023, 10:49 AM
 
Location: Free From The Oppressive State
30,274 posts, read 23,751,941 times
Reputation: 38697
Quote:
Originally Posted by swagger View Post
It's not like they went to Vegas and literally gambled it away.

From one of the links (paywalled; my link is an archive copy):

https://archive.is/pLATG#selection-2601.0-2601.71

Don't know what those investments were, but I do think it's safe to assume that it wasn't bookie debt or a bad night at the craps table. "Gambling" was probably chosen to evoke a particular response, which it did.
I consider the stock market a casino. "The House" has "better odds" than Joe Schmoe. Far more than some like to admit.
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Old 02-26-2023, 11:27 AM
 
Location: az
13,770 posts, read 8,014,399 times
Reputation: 9418
Quote:
Originally Posted by lovecrowds View Post
Looks like Woke Kaiser Permanente based in Oakland would have gone broke this year if not for big government bailouts.

I remember walking by a Kaiser Permanente clinic and I thought it was a homeless health care clinic because of the massive line.

One has to question the sanity of anyone who would have anything to do with Kaiser Permanente Investment scheme that masquerades as a health care provider

I wonder if California and Massachusetts residents will have to pay a tremendous amount for commercial health insurance coverage because they have so much woke investment schemes that masquerade as health care systems that are losing so much money with their gambling and paying doctors and nurses more in one hour than many countries pay per month.

Seems like the combination of high nurses, high doctor wages and 3.2 billion in gambling loses caused a big loss for Kaiser Permanente.

Kaiser Permanente seems more like a hedge-fund or investment scheme though that runs some hospitals on the side.

Seems like Woke Massachusetts General Brigham hospital also lost 2.3 billion dollars.

https://www.fiercehealthcare.com/pro...er-financially

https://www.fiercehealthcare.com/pro...on%20in%202021.

https://www.beckershospitalreview.co...headwinds.html

https://www.modernhealthcare.com/fin...abor-tom-meier
Sign of the times?


My mother was a teacher in San Francisco and our family used Kaiser growing up during the 60,'s and 70's. Great service.
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Old 02-26-2023, 01:48 PM
 
Location: Sunny So. Cal.
4,395 posts, read 1,703,422 times
Reputation: 3304
Quote:
Originally Posted by Three Wolves In Snow View Post
I love how everyone is completely ignoring:
That's because it was a ridiculous accusation in today’s market. It was investments that didnt perform well. The market’s been down for a few years now, a lot of companies, people, markets, etc., lost money. And that's true whether they were “Woke” or not.
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