Health Net to acquire Universal Care's Plan assets in California.Health Net Inc. said it would acquire the health plan assets of Universal Care Inc., a large Medi-Cal plan in Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. County, in a purchase Health Net expects to close during the first half of 2006. Health Net is among the largest U.S. managed care companies, with its health maintenance organization, point-of-service, insured preferred provider organization pre·ferred provider organization n. Abbr. PPO A medical insurance plan in which members receive more coverage if they choose health care providers approved by or affiliated with the plan. and government contract units providing health benefits to about 6.4 million people in 27 states and the District of Columbia District of Columbia, federal district (2000 pop. 572,059, a 5.7% decrease in population since the 1990 census), 69 sq mi (179 sq km), on the east bank of the Potomac River, coextensive with the city of Washington, D.C. (the capital of the United States). through group, individual, Medicare Medicare, national health insurance program in the United States for persons aged 65 and over and the disabled. It was established in 1965 with passage of the Social Security Amendments and is now run by the Centers for Medicare and Medicaid Services. , Medicaid and Tricare programs. Health Net serves about 700,000 Medi-Cal and Healthy Families beneficiaries in nine California counties, excluding Orange County. As a result of the Universal Care acquisition, Health Net would add about 20,000 Medi-Cal and Healthy Families beneficiaries, with the opportunity to enroll 20,000 more Medi-Cal and Healthy Families beneficiaries in Orange County. |
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