News Headlines Article

Health Net boosted by Medicaid expansion, ACA exchanges
Modern Healthcare

First-quarter profit at Health Net edged slightly upward, but the effects of the Affordable Care Act on the health insurer’s swelling membership and top line was perhaps more notable.

Health Net’s Medicaid enrollment increased 31% in the first quarter of 2015 compared with the same period last year, totaling more than 1.7 million low-income Americans. That’s more than half of the company’s 3.2 million members. Health Net sells Medicaid managed-care plans in Arizona and California, both of which expanded Medicaid under the healthcare reform law to people making up to 138% of the poverty line.