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State Urged To Protect Consumers in Proposed Centene-Health Net Merger
California Healthline

Consumer advocates are urging the Department of Managed Health Care to “use its full authority to impose comprehensive requirements to protect consumers before allowing the merger between Centene and Health Net to move forward.” Consumer Watchdog sent a letter to the regulator last week, detailing several safeguards the group would like included in the proposed deal that would create a company with more than 10 million members nationwide and about $37 billion in revenue. Health Net serves more than 1.8 million Medi-Cal enrollees in California and has about 18% of the insurance enrollment through Covered California. Centene, based in St. Louis, proposes to buy Health Net for $6.8 billion.