2008-07-24 16:05:02 -
www.healthnetfederalservices.com - Health Net Federal Services, LLC, the government operations division of Health Net, Inc. (NYSE:HNT), today announced its sponsorship of the 28th National Veterans Wheelchair Games in Omaha, Neb., July 25-29. The five-day event is the largest annual wheelchair sports event in the world, attracting more than 500 military veterans who use wheelchairs due to spinal
cord injuries, amputations, or certain neurological problems.
"Health Net enthusiastically supports sport and rehabilitation programs for our country's veterans," said Steve Tough, president, Health Net Federal Services. "Our company is honored to sponsor the National Veterans Wheelchair Games for the third straight year. We are committed to supporting programs that improve the quality of life for veterans with disabilities and honor their service and sacrifice to our country."
In addition to the sponsorship, Health Net is contributing to the PVA Rehabilitation Fund to assist recently disabled veterans returning from Iraq or Afghanistan to participate in the Wheelchair Games. Two of these athletes will be sponsored directly from Health Net's contributions to the fund.
During the five-day multi-event sports and rehabilitation program, veterans compete in games such as swimming, table tennis, archery, bowling, basketball, power soccer, wheelchair slalom, and quad rugby. The National Veterans Wheelchair Games event is presented by the Department of Veterans Affairs (VA) and Paralyzed Veterans of America (PVA) and supported by corporate, civic, and veterans service organizations (VSOs).
Health Net partners with the VA to provide high quality, cost-effective health care programs serving veterans nationwide. Health Net pledges through its Community Giving Program to support events and organizations that help active duty service members, Reserve Component members, retirees, veterans, survivors and military families achieve a fit and healthy life; and honors their service and sacrifice to our nation.
For more information on Health Net's VA Programs and Community Giving Program, go to www.healthnetfederalservices.com/va.
About Health Net Federal Services
Health Net Federal Services, LLC, a subsidiary of Health Net, Inc., has a long history of providing cost-effective, quality managed health care programs for government agencies including the Departments of Defense and Veterans Affairs. As the managed care support contractor for the TRICARE North Region, Health Net provides health care services to over 3 million uniformed services beneficiaries, active and retired, and their families.
Health Net, Inc. is among the nation's largest publicly traded managed health care companies. Its mission is to help people be healthy, secure and comfortable. The company's health plans and government contracts subsidiaries provide health benefits to approximately 6.8 million individuals across the country through group, individual, Medicare, Medicaid and TRICARE and Veterans Affairs programs. Health Net's behavioral health subsidiary, MHN, provides mental health benefits to approximately 6.9 million individuals in all 50 states. The company's subsidiaries also offer managed health care products related to prescription drugs, and offer managed health care product coordination for multi-region employers and administrative services for medical groups and self-funded benefits programs.
For more information on Health Net, Inc., please visit the company's Web site at www.healthnet.com. For more information on Health Net Federal Services, please visit www.healthnetfederalservices.com.
Cautionary Statements
All statements in this press release, other than statements of historical information provided herein, may be deemed to be forward-looking statements and as such are subject to a number of risks and uncertainties. These statements are based on management's analysis, judgment, belief and expectation only as of the date hereof, and are subject to uncertainty and changes in circumstances. Without limiting the foregoing, statements including the words "believes," "anticipates," "plans," "expects," "may," "should," "could," "estimate," "intend" and other similar expressions are intended to identify forward-looking statements. Actual results could differ materially due to, among other things, rising health care costs, negative prior period claims reserve developments, trends in medical care ratios, unexpected utilization patterns or unexpectedly severe or widespread illnesses, membership declines, rate cuts affecting our Medicare or Medicaid business, issues relating to provider contracts, litigation costs, regulatory issues, operational issues, health care reform and general business conditions. Additional factors that could cause actual results to differ materially from those reflected in the forward-looking statements include, but are not limited to, the risks discussed in the "Risk Factors" section included within the company's most recent Annual Report on Form 10-K and Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements. The company undertakes no obligation to publicly revise any of its forward-looking statements to reflect events or circumstances that arise after the date of this release.
Health Net, Inc.
Margita Thompson, 818-676-7912
margita.thompson@healthnet.com
or
Health Net Federal Services, LLC
Molly Tuttle, 916-351-5355
molly.tuttle@healthnet.com 
