Health Net of California, on May 15, 2008, entered into a settlement agreement with the California Department of Managed Health Care following the completion of DMHC’s survey of its activities regarding the rescission of policies for the period 2004 through…
The California Department of Insurance’s audit of Health Net Life Insurance Co., which was started on April 7, 2008, relating to rescission practices, is ongoing.
Health Net Life Insurance is a subsidiary of Health Net, Inc.
As of Jan. 1, 2008, health…
The daily penalties imposed against Health Net of New Jersey, Inc., a subsidiary of Health Net, Inc., by the New Jersey Division of Medical Assistance and Health Services no longer continued to accrue effective as of April 25, 2008.
The penalties…
Health Net, Inc., in the three months ended June 30, 2008, paid US$9.5 million to the plaintiff, including attorney fees, in the ruling of one of the arbitrations relating to litigations in which rescinded members allege that the Company unlawfully…
Health Net, Inc. says in its latest quarterly report filed with the U.S. Securities and Exchange Commission dated Aug. 8, 2008, that the investigation of the Attorney General of California regarding rescissions and related activities is still ongoing.
In recent…
Health Net, Inc. is waiting on decisions of its various appeals in relation to AmCareco, Inc. plan receivers’ action.
In 1999, Foundation Health Corp., a former subsidiary of the Company, sold its interest of three health plans in Louisiana, Texas and…
Health Net, Inc. continues to cooperate with the the New York Attorney General and the Connecticut Attorney General in their investigations on calculations by health insurers over “usual, customary and reasonable” charges.
On Feb. 13, 2008, the NYAG announced that…
Health Net, Inc. defends itself in the complaint filed on Feb. 20, 2008, by the Los Angeles City Attorney in the Los Angeles Superior Court relating to the Company’s underwriting practices and rescission of certain individual policies.
The complaint seeks…
Health Net, Inc. continues its discussions with the New Jersey Department of Banking relating to the Company’s claims payment practices.
The Company was a subject of a regulatory investigation in New Jersey that relates principally to the timeliness and accuracy…