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The Oakland Medical Center was the first of the Kaiser Permanente hospitals, and opened in 1942 as a result of the acquisition of the Fabiola charity hospital (which operated from 1887 to 1932 before being sold to Samuel Merritt Hospital) by the Permanente Foundation, founded by industrialist Henry J. Kaiser and physician Sidney Garfield.
Those funds were in Kaiser's risk-based capital account, held to pay for disasters or major projects. In 2008, the Colorado regulator required Kaiser to spend down its reserves; after negotiations Kaiser agreed to spend $155 million of its reserves giving credits to its clients and building clinics in underserved parts of the state.
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Kaiser Richmond Medical Center. Kaiser Richmond Medical Center is a large Kaiser Permanente hospital in downtown Richmond, California which serves 77,000 members registered under its medical plans. [1] It opened in 1995 replacing the historic 1942 Richmond Field Hospital that serviced Liberty shipyard workers and thus gave birth to the HMO.
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Kaiser will also pay a penalty of $40 million this month, and $10 million more if it fails to meet the terms of the settlement agreement by the end of a two-year consultation period, per the ...
UnitedHealth Group Incorporated is an American multinational health insurance and services company based in Minnetonka, Minnesota.Selling insurance products under UnitedHealthcare, and health care services and care delivery aided by technology and data under Optum, it is the world's eleventh-largest company by revenue and the largest health care company by revenue.