A Change For The ?????


UnitedHealthcare, a UnitedHealth Group company and a major player in the health insurance industry, announced today that it has agreed to acquire Health Net of the Northeast's licensed subsidiaries. Health Net of the Northeast operates a large health insurance business in the New York Metropolitan Area.

Although we are certain the companies involved will profit from this move, we are not so sure about Health Net policyholders.

The transaction, subject to regulatory approvals and other closing conditions, is expected to close within 12 months.

Health Net serves 578,000 members in Connecticut, New York and New Jersey: 437,000 commercial risk members, 35,000 self-funded commercial members, 55,000 Medicare Advantage members and 51,000 Medicaid members, according to the announcement.

Based upon our history with UnitedHealthcare on health insurance claims, we are not certain this ownership change is going to be beneficial to policyholders when they have to make claims.

We guess we will find out soon enough.