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Health Net Reports 2nd Quarter Net Profit

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NU Online News Service, July 25, 1:19 p.m. – Health Net Inc., Los Angeles, is reporting $65 million in net income for the second quarter on $2.5 billion in revenue, up from a $14 million net loss on $2.5 billion in revenue for the second quarter of 2001.

The managed care company ended the quarter providing or managing major medical coverage for 5.3 million people, down from 5.6 million people a year earlier.