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Health Net Announces Appearance at Citi 2013 Global Healthcare Conference

  Health Net Announces Appearance at Citi 2013 Global Healthcare Conference

Citi Global Healthcare Conference 2013

Business Wire

LOS ANGELES -- February 20, 2013

Health Net, Inc. (NYSE:HNT) today announced that members of its management
team are scheduled to present at the Citi 2013 Global Healthcare Conference on
Feb. 25, 2013, at approximately 11:05 a.m. Eastern time.

A live webcast and replay of the presentation will be available at
www.healthnet.com under “Investor Relations.” The webcast is open to all
interested parties. The webcast should be accessed at least 15 minutes prior
to its start time. Anyone listening to the webcast will be presumed to have
read Health Net’s Annual Report on Form 10-K for the year ended December 31,
2011, Quarterly Reports on Form 10-Q for the quarterly periods ended March 31,
2012, June 30, 2012 and September 30, 2012, and other reports filed by the
company from time to time with the Securities and Exchange Commission.

About Health Net

Health Net, Inc. is a publicly traded managed care organization that delivers
managed health care services through health plans and government-sponsored
managed care plans. Its mission is to help people be healthy, secure and
comfortable. Health Net provides and administers health benefits to
approximately 5.4million individuals across the country through group,
individual, Medicare (including the Medicare prescription drug benefit
commonly referred to as “Part D”), Medicaid, Department of Defense, including
TRICARE, and Veterans Affairs programs. Through its subsidiaries, Health Net
also offers behavioral health, substance abuse and employee assistance
programs, managed health care products related to prescription drugs, managed
health care product coordination for multi-region employers, and
administrative services for medical groups and self-funded benefits programs.

For more information on Health Net, Inc., please visit Health Net’s website at
www.healthnet.com.

Cautionary Statements

Health Net, Inc. and its representatives may from time to time make written
and oral forward-looking statements within the meaning of the Private
Securities Litigation Reform Act (“PSLRA”) of 1995, including statements in
this and other press releases, in presentations, filings with the Securities
and Exchange Commission (“SEC”), reports to stockholders and in meetings with
investors and analysts. All statements in this press release, other than
statements of historical information provided herein, may be deemed to be
forward-looking statements and as such are intended to be covered by the safe
harbor for “forward-looking statements” provided by PSLRA. These statements
are based on management’s analysis, judgment, belief and expectation only as
of the date hereof, and are subject to changes in circumstances and a number
of risks and uncertainties. Without limiting the foregoing, statements
including the words “believes,” “anticipates,” “plans,” “expects,” “may,”
“should,” “could,” “estimate,” “intend,” “feels,” “will,” “projects” and other
similar expressions are intended to identify forward-looking statements.
Actual results could differ materially from those expressed in, or implied or
projected by the forward-looking information and statements due to, among
other things, health care reform and other increased government participation
in and regulation of health benefits and managed care operations, including
the ultimate impact of the Affordable Care Act, which could materially
adversely affect Health Net’s financial condition, results of operations and
cash flows through, among other things, reduced revenues, new taxes, expanded
liability, and increased costs (including medical, administrative, technology
or other costs), or require changes to the ways in which HealthNet does
business; rising health care costs; continued slow economic growth or a
further decline in the economy; negative prior period claims reserve
developments; trends in medical care ratios; membership declines; unexpected
utilization patterns or unexpectedly severe or widespread illnesses; rate cuts
and other risks and uncertainties affecting Health Net’s Medicare or Medicaid
businesses; Health Net’s ability to successfully participate in the duals
demonstration; litigation costs; regulatory issues with federal and state
agencies including, but not limited to, the California Department of Managed
Health Care, the Centers for Medicare & Medicaid Services, the Office of Civil
Rights of the U.S. Department of Health and Human Services and state
departments of insurance; operational issues; failure to effectively oversee
our third-party vendors; noncompliance by Health Net or Health Net’s business
associates with any privacy laws or any security breach involving the
misappropriation, loss or other unauthorized use or disclosure of confidential
information; liabilities incurred in connection with Health Net’s divested
operations; impairment of Health Net’s goodwill or other intangible assets;
investment portfolio impairment charges; volatility in the financial markets;
and general business and market conditions. Additional factors that could
cause actual results to differ materially from those reflected in the
forward-looking statements include, but are not limited to, the risks
discussed in the “Risk Factors” section included within Health Net’s most
recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form
10-Q filed with the SEC, and the other risks discussed in Health Net’s filings
with the SEC. Readers are cautioned not to place undue reliance on these
forward-looking statements. Except as may be required by law, Health Net
undertakes no obligation to address or publicly update any forward-looking
statements to reflect events or circumstances that arise after the date of
this release.

Contact:

Health Net, Inc.
Investor Contact:
Angie McCabe
818-676-8692
angie.mccabe@healthnet.com
or
Media Contact:
Brad Kieffer
818-676-6833
brad.kieffer@healthnet.com
 
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