Kaiser Permanente Colorado has agreed to pay $155 million to employers, individuals and health programs in Colorado in 2009 and 2010 to address regulators’ concerns about its net worth.
Kaiser Permanente Colorado, a unit of Kaiser Permanente, Oakland, Calif., notes that it needs more cash than other health carriers, because it provides care through its own clinics and other facilities as well as acting as a payer.
But Kaiser Permanente Colorado is not expecting to have capital needs that would exhaust its reserves in 2009 and 2010, the company says.
Kaiser Permanente Colorado will provide a $287 credit for individual and family plan subscribers in Colorado in 2009, and again in 2010.
The company will provide a $287-per-employee credit for Colorado employers in 2009, and again in 2010, and it will put a total of $5 million in extra cash into its medical financial assistance program.