Dignity Health reported an operating loss in the third quarter of its fiscal year because of higher expenses and a halt in revenue from the California provider-fee program. The San Francisco-based system also booked a smaller surplus compared with its fiscal 2013 third quarter because of a drop in its net investment income. Dignity saw a $17.4 million operating loss on revenue of
$2.6 billion for the quarter ended March 31, compared with an operating surplus of $42.3 million on revenue of $2.5 billion in the prior-year period. The nation's healthcare law has served as a boon to local television stations as record amounts of advertising dollars have been spent, mostly to attack the law. Since its 2010 enactment, $700 million has been spent on commercials related to the Patient Protection and Affordable Care Act, according to the latest research from Kantar Media's Campaign Media Analysis Group. Insurers, state exchanges and HHS all have advertised. But the lion's share of dollars has been spent on negative political TV ads, Kantar reports.