Health Net news from FierceHealthcare
News
Health plan rescissions under fire in reform talks
Over the past year or two, we've told you some pretty colorful stories about the practice of rescission, under which health plans cancel active coverage on the premise that patients lied about... Read more...
Healthcare M&A likely to be first private equity sector to recover
When the economy finally begins to stagger to its feet, expect healthcare to be the sector where the pace of M&A deals picks up the most quickly, according to a new analysis from healthcare... Read more...
Study: Ingenix data used throughout health plan industry
The Senate has looked into the face of the infamous Ingenix rate databases, and concluded that they are legion. A new report by the Senate Commerce Committee has concluded that the Ingenix... Read more...
Health Net will stop using Ingenix database
Following the lead of other insurers, including Cigna, UnitedHealth and Aetna, Health Net has agreed to stop using an Ingenix database commonly used by health plans to set out-of-network... Read more...
Health Net will pay $1.95 million in recession suit
Marking another landmark in a titanic struggle between health plans, providers and consumers over the right to cancel policies, Health Net has agreed to pay $1.95 million to California hospitals to... Read more...
Health Net's Jay Gellert - CEO Compensation
Jay Gellert - Health Net Total Compensation: $4,425,355 Details: Gellert, whose company is considering selling off divisions in at least four states, earned nearly $740,000 in additional compensation... Read more...
Health insurance industry consolidation a potential threat to providers
The nation's largest health insurance companies are poised to consolidate, although Aetna and UnitedHealth Group, among others, have not confirmed wide-held suspicions, reports the Chicago Tribune.... Read more...
Health Net to consider selling off divisions in four states
Health Net CEO Jay Gellert says that the company is strongly considering selling off its businesses in key states where it is not the market leader. Those states include New York, New Jersey,... Read more...
Health Net settles charges of unfair policy cancellations
California health plan Health Net, along with two of its subsidiaries, has settled a lawsuit brought by the Los Angeles city attorney over charges that it improperly canceled members' policies. Under... Read more...
Anthem Blue Cross agrees to $1M fine
Anthem Blue Cross has agreed to pay a $1 million fine to the California Department of Insurance and offer new coverage to 2,330 people it dropped after they began submitting costly medical claims. It... Read more...
