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Health Net


Health Net is a publicly traded company having a good stock performance result. Health Net is a fortune 500 stock listed company trading under HNT.
 
The company provides managed health care and other medical coverage to more than 6 million members in 27 states and Washington, DC. The firm's Health Plan Services unit offers HMO, PPO, Medicare, and Medicaid plans. The Government Contracts and Specialty Services unit provides health care coverage for almost 3 million military and other government personnel and their dependents through Tricare contracts. This segment also offers behavioral health, vision, and dental care plans, as well as pharmacy benefits management and workers' compensation administrative services.
 
The company’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.
 
On Feb. 1, 2006--Health Net, Inc. announced 2005 fourth quarter net income per diluted share of.65 dollars compared with a net loss per diluted share of.77 dollars in the fourth quarter of 2004.Health Net reported net income of 76,669,000 dollars in the fourth quarter of 2005 compared to a net loss of 85,629,000 dollars in the fourth quarter of 2004. Health Net's total revenues increased 2.9 percent in the fourth quarter of 2005 to 2,950,158,000 dollars from 2,867,593,000 dollars in the fourth quarter of 2004. The plan services premiums were essentially flat at 2,367,057,000 dollars in the fourth quarter of 2005 compared to 2,363,786,000 dollars in the fourth quarter of 2004. Health Net's Government contracts revenue rose 14.9 percent from the fourth quarter of 2004. Government contracts revenue declined by 79,135,000 dollars in the fourth quarter of 2005 compared to the third quarter of 2005.

In the fourth quarter of 2005, the overall health plan revenue, including commercial, Medicare and Medicaid revenue, rose 8.5 percent compared to the same period in 2004. Commercial premium yields climbed 9.7 percent in the fourth quarter of 2005 compared to the fourth quarter of 2004 and by 10.9 percent for the full year 2005 compared to the full year of 2004.

Health Net believes its earnings per diluted share for the full year 2006 will be between 2.90 dollars and 3.10 dollars. The 2006 earnings per diluted share guidance reflect anticipated costs of between.10 dollars and 12 dollars per diluted share for expensing stock options.
 
 
 
 
 

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