Wonder how many billions are in the cash reserves? Any guess...? Where did the profits come from, Medicare...not the private and employer section...BD
NEW YORK (Reuters) Feb 05 - Insurer Health Net Inc posted a 46 percent rise in quarterly profit Tuesday, helped by its Medicare plans for older Americans, but forecast 2008 earnings below Wall Street expectations.
Net income rose to $123.4 million, or $1.10 per share, from $84.8 million, or 72 cents per share, a year earlier. Analysts' average forecast was $1.10 per share, according to Reuters Estimates. Revenue rose 11.7 percent to $3.6 billion.
Enrollment in Health Net's insurance plans totaled 3.8 million members, up 55,000, or 1.5 percent, from a year earlier.
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