The California Department of Managed Health Care levied a $1 million fine against Health Net of California for not appropriately disclosing certain compensation-related information to the state. As a result, Health Net has agreed not to engage in any compensation practices linked to the results of rescission investigations. Health Net of California is a subsidiary of Health Net Inc., based in Woodland Hills. “We are sorry for any misunderstanding with the DMHC. It is important to note that we are currently abiding by the policy in the agreement,” said Health Net Chief Executive Jay M. Gellert.
