Health Net Profit Rise 46 % , but Forecast Is Weak

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.

Health Net Profit Rises, but Forecast Is Weak