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Company: Health Net Inc.
Current Parent Company:
Centene
Parent at the Time of the Penalty Announcement:
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Recap of Ownership Changes:
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Penalty: $8,800,000
Year: 2009
Date: February 11, 2009
Offense Group: consumer-protection-related offenses
Primary Offense: consumer protection violation
Violation Description: To resolve a lawsuit alleging that it unlawfully rescinded coverage of patients after they filed claims, Health Net agreed to pay a penalty of $2 million, provide $6.3 million in compensation to policyholders and make $500,00 in charitable contributions.
Level of Government: local
Action Type: agency action
Agency: Los Angeles (CA) City Attorney
Civil or Criminal Case: civil
Facility State: California
Facility County: Los Angeles
Facility City: Los Angeles
HQ Country of Current Parent: USA
HQ State of Current Parent: Missouri
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: healthcare services
Specific Industry of Current Parent: managed care
Source of Data:
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the
Update Log.