if I piss on your leg and tell you its raining…
After $620 million profit (ONE QUARTER) health care giant to ELIMINATE 1,850 jobs.
”Kaiser cuts 1,850 jobs in Calif. as rolls drop”
Wednesday, August 12, 2009
(08-12) 13:04 PDT Sacramento, Calif. (AP) —
Kaiser Permanente says it is eliminating 1,850 jobs in California as the Oakland health care giant faces a drop in subscribers and shrinking reimbursements from Medicare.
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Kaiser announced the cuts Tuesday, a week after reporting a 75 percent jump in second-quarter profits to $620 million. Income from day-to-day operations, however, fell 18 percent.
“The company says it lost 36,000 subscribers in the first half of the year, leaving about 8.6 million.”
NO REALLY… IT’S RAINING.
