Health Net Sponsors Disabled Sporting Event in Sacramento
Health Net Federal Services, LLC, the government operations division of Health Net, Inc. (NYSE:HNT), today announced its sponsorship of “Their Spirits Inspire,” Disabled Sports USA Far West’s annual adaptive sporting camp in Sacramento, Calif., June 17-20. The three-day event teaches children and adults with disabilities how to water ski, golf, handcycle, play wheelchair softball, and whitewater raft. Sports rehabilitation is an integral part of building self-esteem and confidence for individuals recovering and adjusting to disabilities.
“Health Net Federal Services is proud to support events that promote sports rehabilitation for our U.S. service members as part of their recovery process following a life-altering injury or illness,” said Steve Tough, president, Health Net Federal Services. “Our organization is honored to be able to extend this support to all individuals, young and old alike, through Disabled Sports USA.”
The event ends with an inspirational dinner, honoring the men and women recently injured in Iraq. The proceeds from this event will continue to provide sports rehabilitation and therapeutic recreation for all individuals with any disability. For more information about the Disabled Sports event, please visit http://www.disabledsports.net/.
About Health Net Federal Services
Health Net Federal Services, LLC, a subsidiary of Health Net, Inc., has a long history of providing cost-effective, quality managed health care programs for government agencies including the Departments of Defense and Veterans Affairs. As the managed care support contractor for the TRICARE North Region, Health Net provides health care services to over 3 million uniformed services beneficiaries, active and retired, and their families.
Health Net, Inc. is among the nation’s largest publicly traded managed health care companies. Its mission is to help people be healthy, secure and comfortable. The company’s health plans and government contracts subsidiaries provide health benefits to approximately 6.8 million individuals across the country through group, individual, Medicare, Medicaid and TRICARE and Veterans Affairs programs. Health Net’s behavioral health subsidiary, MHN, provides mental health benefits to approximately 6.9 million individuals in all 50 states. 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.
For more information on Health Net, Inc., please visit the company’s Web site at http://www.healthnet.com/. For more information on Health Net Federal Services, please visit http://www.healthnetfederalservices.com/.
Cautionary Statements
All statements in this press release, other than statements of historical information provided herein, including but not limited to the guidance for future periods included herein and the assumptions underlying such projections, may be deemed to be forward-looking statements and as such are subject to a number of risks and uncertainties. These statements are based on management’s analysis, judgment, belief and expectation only as of the date hereof, and are subject to uncertainty and changes in circumstances. Without limiting the foregoing, the guidance as to expected future period results and statements including the words “believes,”"anticipates,”"plans,”"expects,”"may,”"should,”"could,”"estimate,”"intend” and other similar expressions are intended to identify forward-looking statements. Actual results could differ materially due to, among other things, rising health care costs, negative prior period claims reserve developments, trends in medical care ratios, unexpected utilization patterns or unexpectedly severe or widespread illnesses, membership declines, rate cuts affecting our Medicare or Medicaid business, issues relating to provider contracts, litigation costs, regulatory issues, operational issues, health care reform and general business 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 the company’s most recent Annual Report on Form 10-K and Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements. The company undertakes no obligation to publicly revise its guidance, the assessment of the underlying assumptions or any of its forward-looking statements to reflect events or circumstances that arise after the date of this release.