- approximately $5.0 million related to the early termination of a medical management contract and approximately $5.2 million for severance expenses; and
- approximately $7.1 million in litigation-related expenses.
The Justice Department is looking into claims that four health insurers defrauded Medicare.
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.