Health Net Reports Significant Drop in Profits for Q3 2012
On Monday, Woodland Hills-based insurer Health Net announced a net income of $18 million for the third quarter of 2012, down 71% from $61.8 million in Q3 of 2011. However, the insurer reported that Q3 2012 revenue increased by 3.3% to $2.78 billion from the same period last year.
- "Health Net Reports Profit Down 71%, New Deal With California" (Terhune, "Money & Co.," Los Angeles Times, 11/5).