Health Net Settles Reaches Settlement In California

September 15, 2008

Health Net Inc. (HNT) has reached a $25 million settlement in the state of California......Sacramento (ChattahBox) – Health Net Inc. (HNT) has reached a $25 million settlement in the state of California.

Health Net got into a lot of trouble, as they were accused of dropping health insurance policies from patients without proper reasoning.

This settlement will offer insurance coverage to the 926 people who were impacted by their moves.

The $25 million settlement is made up of $14.2 million in payments for medical charges, as well as $7.2 million in waived insurance premiums, and a fine worth $3.6 million.

Health Net, along with four other big health insurance compmanies, has been under the spotlight for this sort of thing for quite some time now.


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