Oakland, Calif.-based Kaiser Permanente, which comprises 39 hospitals across the U.S., operates a successful health plan — a venture few providers have found prosperity in.
Here are five things to know about the Kaiser Foundation Health Plan.
1. About 12.2 million Americans have insurance coverage through Kaiser. Of that total, nearly 1 million have a Medicaid or CHIP plan, and 8.8 million reside in California.
2. Bernard J. Tyson is the chairman and CEO of Kaiser Foundation Health Plan and Hospitals, collectively known as Kaiser Permanente.
3. Kaiser health plan operates in the District of Columbia and eight states: California, Colorado, Georgia, Hawaii, Virginia, Maryland, Oregon and Washington.
4. As a system, Kaiser saw operating revenue increase to $72.7 billion in 2017, up 12.5 percent from operating revenue of $64.6 billion in 2016. The system attributed the boost, in part, to its health plan operations. Kaiser saw health plan membership increase by 10.1 percent year over year to 11.8 million members at the end of 2017. About 650,000 of those new members were due to Kaiser's acquisition of Seattle-based Group Health Cooperative in February 2017.
5. In 2018, J.D. Power ranked Kaiser as the No. 1 health plan in six geographical regions across the U.S. based on member satisfaction. CMS also gave five Kaiser Medicare plans five-star rankings. CMS ranks Medicare plans on a quality scale of one to five stars, and pays bonuses to plans with high ratings.
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