Health Net, Inc. : Health Net Announces Appearance at Citi 8th Annual US Small/Mid Cap Conference
11/10/2011| 08:35am US/Eastern
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Health
Net, Inc. (NYSE:HNT) today announced that members of its management
team are scheduled to present at the Citi 8th Annual US
Small/Mid Cap Conference on November 15, 2011, at approximately
9:25 a.m. Pacific time (12:25 p.m. Eastern time).
Anyone attending the live presentation will be presumed to have read
Health Net's Annual Report on Form 10-K for the year ended December 31,
2010, Health Net's Quarterly Reports on Form 10-Q for the quarters ended
March 31, 2011, June 30, 2011 and September 30, 2011, and any subsequent
reports filed by the company from time to time with the Securities and
Exchange Commission.
About Health Net
Health Net, Inc. is a publicly traded managed care organization that
delivers managed health care services through health plans and
government-sponsored managed care plans. Its mission is to help people
be healthy, secure and comfortable. Health Net provides and administers
health benefits to approximately 6.0 million individuals across the
country through group, individual, Medicare (including the Medicare
prescription drug benefit commonly referred to as "Part D"), Medicaid,
Department of Defense, including TRICARE, and Veterans Affairs programs.
Health Net's behavioral health services subsidiary, Managed Health
Network, Inc., provides behavioral health, substance abuse and employee
assistance programs to approximately 5.0 million individuals, including
Health Net's own health plan members. Health Net'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.
For more information on Health Net, Inc., please visit Health Net's
website at www.healthnet.com.
Cautionary Statements
All statements in this press release, other than statements of
historical information provided herein, may be deemed to be
forward-looking statements and as such are subject to a number of risks
and uncertainties. These statements are based on management's analysis,
judgment, belief and expectation only as of the date hereof, and are
subject to uncertainty and changes in circumstances. Without limiting
the foregoing, statements including the words "believes," "anticipates,"
"plans," "expects," "may," "should," "could," "estimate," "intend" and
other similar expressions are intended to identify forward-looking
statements. Actual results could differ materially due to, among other
things, health care reform, including the ultimate impact of the
Affordable Care Act, which could materially adversely affect Health
Net's financial condition, results of operations and cash flows through,
among other things, reduced revenues, new taxes, expanded liability, and
increased costs (including medical, administrative, technology or other
costs), or require changes to the ways in which Health Net does
business; rising health care costs; continued slow economic growth or a
further decline in the economy; negative prior period claims reserve
developments; trends in medical care ratios; membership declines;
unexpected utilization patterns or unexpectedly severe or widespread
illnesses; rate cuts affecting Health Net's Medicare or Medicaid
businesses; any liabilities of the Northeast business that were incurred
prior to the closing of its sale as well as those liabilities incurred
through the winding-up and running-out period of the Northeast business;
litigation costs; regulatory issues with agencies such as the California
Department of Managed Health Care, the Centers for Medicare & Medicaid
Services and state departments of insurance; operational issues;
noncompliance by Health Net or Health Net's business associates with any
privacy laws or any security breach involving the misappropriation, loss
or other unauthorized use or disclosure of confidential information;
investment portfolio impairment charges; volatility in the financial
markets; and general business and market conditions. Additional factors
that could cause actual results to differ materially from those
reflected in the forward-looking statements include, but are not limited
to, the risks discussed in the "Risk Factors" section included within
Health Net's most recent Annual Report on Form 10-K and Quarterly
Reports on Form 10-Q filed with the Securities and Exchange Commission
("SEC") and the risks discussed in Health Net's subsequent filings with
the SEC. Readers are cautioned not to place undue reliance on these
forward-looking statements. Except as may be required by law, Health Net
undertakes no obligation to address or publicly update any of its
forward-looking statements to reflect events or circumstances that arise
after the date of this release.
Health Net, Inc.
Investor Contact:
Angie McCabe
818.676.8692
angie.mccabe@healthnet.com
or
Media
Contact:
Margita Thompson
818.676.7912
margita.thompson@healthnet.com
© Business Wire 2011
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