Kaiser Permanente Hawaii also reported a second quarter profit of $2.8 million, which was compared to a loss of $5.1 million at the same time last year.
What are the reasons for the huge jumps in profit margins? Both insurers have raised their premiums over the past year. HMSA raised their premiums by 14.8% and Kaiser raised there rates by 12.6%.
While anyone can appreciate a company posting a nice profit, insurance rates are getting way out of hand, as insurers continue to raise their rates, which cause employers to raise theirs and cause all employees to pay way too much for insurance coverage.