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Kaiser Permanente’s operating income plunges 35.4%

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Kaiser Permanente’s second-quarter net  operating income plunged  35.4 percent from a year earlier even as  operating revenue for its nonprofit hospital and health plan units increased in 2016’s second quarter.

Kaiser ended the second quarter with operating income of $491 million, down 35.4 percent from $760 million in the same period of 2015. Its  net income fell about 30 percent, to $708 million, from net income of $1 billion in the  like period of 2015.

Meanwhile,   revenue rose  3.27 percent,  to $15.8 billion.

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