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California Prison Health Care Services Awards Health Net Network Services Contract

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^{Published in Health and Fitness on Wednesday, June 30th 2010 at 14:11 GMT by Market Wire}  

SACRAMENTO, Calif.--([ BUSINESS WIRE ])--[ Health Net Federal Services, LLC ] (Health Net), a subsidiary of [ Health Net, Inc. ] (NYSE:HNT), announced that the California Prison Health Care Services (CPHCS) awarded Health Net the contract to administer the Preferred Provider Organization (PPO) Network Services on behalf of CPHCS. The terms of the contract are for a three-year base period scheduled to commence January 1, 2011, with two one-year option periods.

"Health Net is honored to partner with the California Prison Health Care Services as the contracted representative to provide cost-efficient access to quality health care services for the statea™s 33 prison institutions"

aHealth Net is honored to partner with the California Prison Health Care Services as the contracted representative to provide cost-efficient access to quality health care services for the statea™s 33 prison institutions,a said Steve Tough, president of Health Neta™s Government & Specialty Services division, which includes Health Net Federal Services. aIn addition to providing access for health care services through a network of providers across the state, Health Net will administer support around claims repricing, medical management, data analytics and reporting, and information technology services such as telemedicine.a

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 nearly 3.0million uniformed services beneficiaries, active and retired, and their families.

Health Net, Inc. is among the nationa™s largest publicly traded managed health care companies. Its mission is to help people be healthy, secure and comfortable. The companya™s health plans and government contracts subsidiaries provide health benefits to approximately 6.0million individuals across the country through group, individual, Medicare, Medicaid and TRICARE and Veterans Affairs programs. The companya™s behavioral health subsidiary, MHN, provides mental health benefits to approximately 5.9 million individuals in all 50 states. The companya™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 companya™s website at [ http://www.healthnet.com/ ]. For more information on Health Net Federal Services, please visit[ http://www.healthnetfederalservices.com/ ]or on[ Facebook ].

Cautionary Statements

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 subject to a number of risks and uncertainties. These statements are based on managementa™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, statements including the words abelieves,a aanticipates,a aplans,a aexpects,a amay,a ashould,a acould,a aestimate,a aintenda and other similar expressions are intended to identify forward-looking statements. Actual results could differ materially due to, among other things, costs, fees and expenses related to the post-closing administrative services to be provided under the administrative services agreements entered into in connection with the sale of our Northeast business; potential termination of the administrative services agreements by the service recipients should we breach such agreements or fail to perform all or a material part of the services required thereunder; any liabilities of the Northeast business that were incurred prior to the closing of its sale as well as those liabilities incurred through the winding-up and running-out period of the Northeast business; health care reform; rising health care costs; continued recessionary economic conditions or a further decline in the economy; 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 businesses; litigation costs; regulatory issues; operational issues; 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 aRisk Factorsa section included within the companya™s most recent Annual Report on Form10-K and Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission (aSECa), and the risks discussed in the companya™s other filings with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements. The company undertakes no obligation to publicly revise any of its forward-looking statements to reflect events or circumstances that arise after the date of this release.