- Total health plan membership will decline by 1 to 2 percent;
- Commercial enrollment will decline by 8 to 9 percent;
- Medicare Advantage enrollment will increase by 1 to 2 percent; and
- Medicaid enrollment will increase by 4 to 6 percent.
Health Net (HNT) stock is rising in mid-morning trading on Wednesday after the California Department of Insurance approved Centene's (CNC) acquisition of the company.
The $7.6 billion merger of Health Net and Centene is undergoing a review by the California Department of Insurance, although it has passed other antitrust inspections.
Trade-Ideas LLC identified Health Net (HNT) as a "dead cat bounce" (down big yesterday but up big today) candidate