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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: $1,600,000
Year: 2009
Date: June 18, 2009
Offense Group: consumer-protection-related offenses
Primary Offense: consumer protection violation
Violation Description: To resolve a case involving allegations of unfair health insurance reimbursement rates, Health Net agreed to pay $1.6 million to a qualified nonprofit organization that would establish a new, independent database to help determine fair out-of-network reimbursement rates for consumers throughout the United States.
Level of Government: state
Action Type: agency action
Agency: New York Attorney General
Civil or Criminal Case: civil
Facility State: New York
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.