California Senate OKs bill targeting hospital giant Kaiser
SACRAMENTO, Calif. (AP) — Hospital giant Kaiser Permanente would have to disclose more financial information about its hospitals under a bill that has cleared the California Legislature.
The California Senate approved a bill on Monday that would require Kaiser Permanente to disclose revenue and profits for each hospital individually. Democratic Sen. Richard Pan says the company discloses financial information, but it lumps the numbers together into two categories of Northern California and Southern California.
The bill now heads to Democratic Gov. Gavin Newsom, who has 10 days to decide whether to sign it into law.
Pan said the bill would force Kaiser Permanente to follow the same financial disclosure requirements as all of California’s other health care providers.
Representatives for Kaiser Permanente did not immediately respond to a request for comment.