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Health Net

Latest Headlines

Latest Headlines

Kaiser holds 40% market share in California

Kaiser Permanente has a 40 percent share of California's health insurance market for employers and individuals, according to a new report from Citigroup.

Health Net ends Medicaid rate dispute as income drops 71%

As Health Net reported its meager third-quarter results, CEO Jay Gellert said the California-based insurer is working to turn itself around, in part by extending its contracts to manage certain health programs.

Health Net illegally denied doc-ordered care, lawsuit says

Health Net has illegally denied patients' medical treatments even though they've been ordered by physicians, according to a lawsuit from the Los Angeles County Medical Association (LACMA) and two patients.

Insurance agent indicted for fraudulently transferring policies

Payers might want to be more wary of insurance agents' activities after one Arizona woman allegedly transferred Medicare supplemental policies from one insurer to another without members' permission.

Insurance stocks dive with reform ruling

Health insurance companies' stocks initially dove after the Supreme Court ruled the reform law constitutional and then rebounded shortly thereafter.

Health Net reports surprise drop in earnings forecast

California-based insurer Health Net reported lower-than-expected earnings for the first quarter and cut earnings projections for 2012, causing its stock to tumble, reported the Los Angeles Times and

Insurers shift prescription costs to members with drug tiers

Insurers increasingly are altering their benefit structures to shift the cost of many expensive medications onto their chronically ill members. This "insidious trend" is causing health insurance

Humana's Q4 profits up 86% as Medicare Advantage enrollment rises

Humana's fourth quarter profits soared 86 percent, primarily because of a 12 percent increase in Medicare Advantage plan enrollment and decreased medical claims expenses. The insurer on Monday said

Humana could spend $1B for Medicare deals

Humana is willing to spend $1 billion on acquisitions or mergers, allowing it to expand into Medicare, reported Bloomberg. "We could do $1 billion-plus deals if we wanted to," Humana CEO Michael

Health Net sells Medicare plan to CVS for $160M

Health Net (NYSE:HNT) is selling its Medicare prescription drug plan to CVS for about $160 million, the insurer announced Monday. It expects to gain $140 million in net cash from the deal, Bloomberg