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Kaiser Cuts 1,850 Jobs In Calif. As Rolls Drop

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Aug 12, 2009 2:13 pm US/Pacific

Kaiser Cuts 1,850 Jobs In Calif. As Rolls Drop

OAKLAND (CBS 5 / AP) ― Kaiser Permanente said it is eliminating 1,850 jobs in California as the Oakland health care giant faces a drop in subscribers and shrinking reimbursements from Medicare.

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 said it lost 36,000 subscribers in the first half of the year, leaving about 8.6 million.

Kaiser spokesman Marc Brown said the cuts will mainly hit housekeepers, secretaries, business office employees and pharmacy and information-management clerks mostly in Northern California.

Economists said laid-off employees in other industries losing their employer-paid health insurance were a major cause of Kaiser's subscriber losses.

(© 2010 CBS Broadcasting Inc. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. The Associated Press contributed to this report.)

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