Health Net

Health Net, Inc. is among the United States of America's largest publicly traded managed health care companies. The company’s HMO, POS, insured PPO and government contracts subsidiaries provide health benefits to approximately 6.6 million individuals in all 50 states and the District of Columbia through group, individual, Medicare, Medicaid and TRICARE and Veterans Affairs programs. Health Net’s behavioral health services subsidiary, MHN, provides behavioral health, substance abuse and employee assistance programs (EAPs) to approximately 7.3 million individuals in various states, including the company’s own health plan members. The company’s subsidiaries also offer managed health care products related to prescription drugs, and offer managed health care product coordination for multi-region employers and administrative services for medical groups and self-funded benefits programs.

Health Net's headquarters are located in Woodland Hills, California, USA.

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Divisions

Health Net Federal Services, Inc. (HNFS) is the government operations division of Health Net. It is the TRICARE North region provider as of July 1, 2004.

Health Net sponsorships

Since 2003, Health Net has been the title sponsor of the Health Net Pro Cycling Team Presented by Maxxis, a USA-based professional cycling team. In addition, Health Net is often a sponsor of a variety of professional cycling races such as the CSC Invitational.

Controversy

In 2007, Patsy Bates, a California beautician, sued Health Net claiming that they wrongfully terminated her care in the middle of her chemotherapy treatments. Internal company documents made public during the law suit revealed that the company had tied bonuses to dropping coverage in order to encourage its analysts in charge of recession reviews to find reasons to discontinue coverage to clients who the company deems will cost them money. The practice of giving bonuses to analysts for dropping clients is illegal for health insurance companies in the state of California. The case is still pending. ^[1]

References

Health insurer tied bonuses to dropping sick policyholders http://www.latimes.com/business/la-fi-insure9nov09,1,5878955,print.story?ctrack=5&cset=true