|Kaiser's Robert Pearl|
Check out this video.
The resourceful folks over at NUHW got ahold of a top Kaiser exec discussing Kaiser’s super-profits during a behind-closed-doors speech.
The exec -- Dr. Robert Pearl -- is the CEO of The Permanente Medical Group (TPMG), one of Kaiser’s various for-profit arms. TPMG runs Kaiser’s clinics and outpatient facilities in Northern California.
In the speech, Pearl reveals that TPMG pocketed $1.2 billion in profits last year. That’s in addition to the $2.7 billion in profits that Kaiser's non-profit arm reported.
TPMG’s profits are usually hidden from public view because the company is owned by private shareholders who are not required to make their financial statements available to the public.
TPMG’s booming profits are another bit of jaw-dropping news for Kaiser’s workers.
Kaiser has been holding mandatory meetings -- called “Turbulent Times” -- during which the HMO’s fatcat execs tell workers that the sky is falling and workers must accept cuts… like the massive benefit cuts that SEIU-UHW’s Dave Regan already accepted in a secret “unpublished side letter," say sources.
Check out the other parts of Pearl’s speech. He says Kaiser is preparing for big strikes by the California Nurses Association because the nurses will refuse to accept the cuts that SEIU-UHW and the "partnership unions" have already secretly agreed to. Here's what Pearl says:
…our nurses union has a contract up this year that will not get settled. There's no way it gets settled. And so we're looking at strikes inevitably coming up sometime in the latter part of 2014 heading into 2015.