California Public Employees’ Retirement System (CalPERS) Announces Intent To Award Contract To Health Net Of California To Deliver HMO Benefits

Circle Connections: Awards & Accreditations Health Net, Inc. announced that the California Public Employees' Retirement System (CalPERS) has voted to award Health Net of California a contract to provide health maintenance organization (HMO) benefits to CalPERS beneficiaries in six Southern California counties. The award is subject to the parties' agreement on final terms of the contract, and Health Net's CalPERS offerings are subject to regulatory approval. Once finalized, the contract is expected to cover CalPERS commercial and Medicare Advantage beneficiaries living in Kern, Los Angeles, Orange, Riverside, San Bernardino and San Diego counties for an initial five-year term . . .