Health Net Announces 30% Jump in Q2 2011 Net Income
Insurer Health Net has announced that its net income rose by 30% from $45 million in the second quarter of 2010Â to $58.3 million in Q2 2011. Health Net also reported that Q2 2011 revenue declined by 19.2% from $3.4 billion in Q2 2010 to $2.8 billion in Q2 2011. Officials said the change was tied to an adjustment in a military health care contract. Meanwhile, overall enrollment in Health Net plans dropped from 3.1 million in Q2 2010 to three million.
- "Health Plans Report Strong Earnings" (Payers & Providers, 8/11).