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<TITLE> Health Net, Inc. (Form: 8-K) </TITLE>
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		UNITED STATES<BR>
	SECURITIES AND EXCHANGE COMMISSION
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	WASHINGTON, D.C. 20549
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	FORM 8-K
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	CURRENT REPORT
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	Pursuant to Section&nbsp;13 or 15(d) of the Securities Exchange Act of 1934
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	Date of Report (Date of Earliest Event Reported):
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	&nbsp;
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	March 22, 2016
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	Health Net, Inc.
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<BR>__________________________________________<BR>
	(Exact name of registrant as specified in its charter)
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	Delaware
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	1-12718
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	95-4288333
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_____________________<BR>
	(State or other jurisdiction
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_____________<BR>
	(Commission
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______________<BR>
	(I.R.S. Employer
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	of incorporation)
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	File Number)
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	Identification No.)
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	21650 Oxnard Street, Woodland Hills, California
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	&nbsp;
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	91367
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_________________________________<BR>
	(Address of principal executive offices)
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	&nbsp;
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___________<BR>
	(Zip Code)
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	Registrant&#146;s telephone number, including area code:
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	&nbsp;
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	(818) 676-6000
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	Not Applicable
<BR>______________________________________________<BR>
	Former name or former address, if changed since last report
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	&nbsp;
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<!-- CoverPageRegistrant END --><P><FONT SIZE="2">
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any
of the following provisions:</FONT>
</P>
<P><FONT SIZE="2">
[&nbsp;&nbsp;]&nbsp;&nbsp;Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)<br>
[&nbsp;&nbsp;]&nbsp;&nbsp;Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)<br>
[&nbsp;&nbsp;]&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))<br>
[&nbsp;&nbsp;]&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))<br>
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<P align="left" style="font-size: 10pt"><FONT style="font-size: 12pt"><B>Item&nbsp;8.01 Other Events.</B>
</FONT>

<P align="left" style="font-size: 12pt; text-indent: 4%">On March&nbsp;22, 2016, the California Department of Managed Health Care and the California
Department of Insurance each approved the merger of Health Net, Inc., a Delaware corporation
(&#147;Health Net&#148; or the &#147;company&#148;), and Centene Corporation, a Delaware corporation (&#147;Centene&#148;),
pursuant to that certain Agreement and Plan of Merger, dated as of July&nbsp;2, 2015 (the &#147;Merger
Agreement&#148;), by and among Centene, Health Net, Chopin Merger Sub I, Inc., a Delaware corporation
and a direct wholly owned subsidiary of Centene, and Chopin Merger Sub II, Inc., a Delaware
corporation and a direct wholly owned subsidiary of Centene.


<P align="left" style="font-size: 12pt; text-indent: 4%">Centene and Health Net expect to close the transaction in the coming days, subject to the
satisfaction or waiver of the closing conditions set forth in the Merger Agreement.


<P align="left" style="font-size: 12pt">CAUTIONARY STATEMENTS: The company and its representatives may from time to time make written and
oral forward-looking statements within the meaning of the Private Securities Litigation Reform Act
(&#147;PSLRA&#148;) of 1995, including statements in this and other filings with the Securities and Exchange
Commission (&#147;SEC&#148;), in presentations, press releases, reports to stockholders and in meetings with
investors and analysts. 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
intended to be covered by the safe harbor for &#147;forward-looking statements&#148; provided by PSLRA. These
statements are based on management&#146;s analysis, judgment, belief and expectation only as of the date
hereof, and are subject to changes in circumstances and a number of risks and uncertainties.
Without limiting the foregoing, statements including the words &#147;believes,&#148; &#147;anticipates,&#148; &#147;plans,&#148;
&#147;expects,&#148; &#147;may,&#148; &#147;should,&#148; &#147;could,&#148; &#147;estimate,&#148; &#147;intend,&#148; &#147;feels,&#148; &#147;will,&#148; &#147;projects&#148; and other
similar expressions are intended to identify forward-looking statements. Actual results could
differ materially from those expressed in, or implied or projected by the forward-looking
information and statements due to a number of factors, variables or events. Certain of these
factors relate to the company&#146;s proposed business combination with Centene, including, among other
things, the expected closing date of the merger; the possibility that the expected synergies and
value creation from the proposed merger will not be realized, or will not be realized within the
expected time period, including, but not limited to, as a result of conditions, terms, obligations
or restrictions imposed by regulators in connection with their approval of, or consent to, the
merger; the risk that the businesses will not be integrated successfully; disruption from the
merger making it more difficult to maintain business and operational relationships; the risk that
unexpected costs will be incurred; the possibility that the merger does not close, including, but
not limited to, due to the failure to satisfy the closing conditions; the risk that financing for
the transaction may not be on favorable terms; and certain other risks associated with the merger,
as more fully discussed in the definitive joint proxy statement/prospectus that was filed with the
SEC on September&nbsp;21, 2015, in connection with the merger. Other factors include, among others,
health care reform and other increased government participation in and taxation or regulation of
health benefits and managed care operations, including but not limited to the implementation of,
and subsequent modifications to, the Patient Protection and Affordable Care Act and the Health Care
and Education Reconciliation Act of 2010 and the regulations promulgated thereunder (collectively,
the &#147;ACA&#148;) as well as any related fees, assessments and taxes; the company&#146;s ability to
successfully participate in the federal and state health insurance exchanges under the ACA, which
involve uncertainties related to the mix and volume of business that could negatively impact the
adequacy of the company&#146;s premium rates and may not be sufficiently offset by the risk
apportionment provisions of the ACA; increasing health care costs, including but not limited to
costs associated with adverse selection, undetected provider fraud and the introduction of new
treatments or therapies; the recompetition of the company&#146;s T-3 contract for the TRICARE North
region; negative prior period claims reserve developments; rate cuts and other risks and
uncertainties affecting the company&#146;s Medicare or Medicaid businesses; the company&#146;s ability to
successfully participate in California&#146;s Coordinated Care Initiative, which is subject to a number
of risks inherent in untested health care initiatives and requires the company to adequately
predict the costs of providing benefits to individuals that are generally among the most
chronically ill within each of Medicare and Medi-Cal; trends in medical care ratios; membership
declines or negative changes in the company&#146;s health care product mix; unexpected utilization
patterns or unexpectedly severe or widespread illnesses; failure to effectively oversee the
company&#146;s third-party vendors; the company&#146;s ability to reduce administrative expenses while
maintaining targeted levels of service and operating performance; noncompliance by the company or
the company&#146;s business associates with any privacy laws or any security breach involving the
misappropriation, loss or other unauthorized use or disclosure of confidential information; the
timing of collections on amounts receivable from state and federal governments and agencies;
litigation costs; regulatory issues with federal and state agencies including, but not limited to,
the California Department of Managed Health Care and Department of Health Care Services, the
Arizona Health Care Cost Containment System, the Centers for Medicare & Medicaid Services, the
Office of Civil Rights of the U.S. Department of Health and Human Services and state departments of
insurance; operational issues; changes in political, economic or market conditions; investment
portfolio impairment charges; volatility in the financial markets; and general business and market
conditions. The factors described in the context of such forward-looking statements in this press
release could cause the company or Centene&#146;s plans with respect to the proposed merger, actual
results, performance or achievements, industry results and developments to differ materially from
those expressed in or implied by such forward-looking statements. 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 &#147;Risk Factors&#148; section included within
the company&#146;s most recent Annual Report on Form 10-K filed with the SEC and the other risks
discussed in the company&#146;s filings with the SEC. Readers are cautioned not to place undue reliance
on these forward-looking statements. Except as may be required by law, the company undertakes no
obligation to address or publicly update any of its forward-looking statements to reflect events or
circumstances that arise after the date of this release.



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<P align="center" style="font-size: 10pt"><FONT style="font-size: 12pt"><B>SIGNATURES</B></FONT>



<P align="left" style="font-size: 12pt; text-indent: 4%">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly
caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

<DIV align="center">
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    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;&nbsp;&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="left">Health Net, Inc.</TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;&nbsp;&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><BR>
</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><BR></DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD align="left" valign="top">March&nbsp;22, 2016
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;&nbsp;&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">By:
</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ James E. Woys</DIV></TD>
</TR>
<TR style="font-size: 1px">
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top" style="border-top: 1px solid #000000"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Name:
</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">James E. Woys</DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Title:
</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Executive Vice President, Chief<BR>
Financial and Operating Officer and<BR>
Interim Treasurer</DIV></TD>
</TR>
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</DIV>



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[{"type": "8-K", "sequence": "1", "filename": "htm_53273.htm", "description": "LIVE FILING", "secsgml_size_bytes": 16332}]
{"company-data": {"conformed-name": "HEALTH NET INC", "cik": "0000916085", "assigned-sic": "6324", "irs-number": "954288333", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-12718", "film-number": "161522368"}, "business-address": {"street1": "21650 OXNARD ST", "city": "WOODLAND HILLS", "state": "CA", "zip": "91367", "phone": "8186766000"}, "mail-address": {"street1": "225 N MAIN ST", "city": "PUEBLO", "state": "CO", "zip": "81003"}, "former-company": [{"former-conformed-name": "FOUNDATION HEALTH SYSTEMS INC", "date-changed": "19970513"}, {"former-conformed-name": "HEALTH SYSTEMS INTERNATIONAL INC", "date-changed": "19940207"}, {"former-conformed-name": "HN MANAGEMENT HOLDINGS INC/DE/", "date-changed": "19931213"}]}
Health Net, Inc. (Form: 8-K)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of Earliest Event Reported):
March 22, 2016
Health Net, Inc.
__________________________________________
(Exact name of registrant as specified in its charter)
Delaware
1-12718
95-4288333
_____________________
(State or other jurisdiction
_____________
(Commission
______________
(I.R.S. Employer
of incorporation)
File Number)
Identification No.)
21650 Oxnard Street, Woodland Hills, California
91367
_________________________________
(Address of principal executive offices)
___________
(Zip Code)
Registrant's telephone number, including area code:
(818) 676-6000
Not Applicable
______________________________________________
Former name or former address, if changed since last report
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any
of the following provisions:
[  ]  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[  ]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[  ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[  ]  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Top of the Form
Item 8.01 Other Events.
On March 22, 2016, the California Department of Managed Health Care and the California
Department of Insurance each approved the merger of Health Net, Inc., a Delaware corporation
("Health Net" or the "company"), and Centene Corporation, a Delaware corporation ("Centene"),
pursuant to that certain Agreement and Plan of Merger, dated as of July 2, 2015 (the "Merger
Agreement"), by and among Centene, Health Net, Chopin Merger Sub I, Inc., a Delaware corporation
and a direct wholly owned subsidiary of Centene, and Chopin Merger Sub II, Inc., a Delaware
corporation and a direct wholly owned subsidiary of Centene.
Centene and Health Net expect to close the transaction in the coming days, subject to the
satisfaction or waiver of the closing conditions set forth in the Merger Agreement.
CAUTIONARY STATEMENTS: The company and its representatives may from time to time make written and
oral forward-looking statements within the meaning of the Private Securities Litigation Reform Act
("PSLRA") of 1995, including statements in this and other filings with the Securities and Exchange
Commission ("SEC"), in presentations, press releases, reports to stockholders and in meetings with
investors and analysts. 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
intended to be covered by the safe harbor for "forward-looking statements" provided by PSLRA. These
statements are based on management's analysis, judgment, belief and expectation only as of the date
hereof, and are subject to changes in circumstances and a number of risks and uncertainties.
Without limiting the foregoing, statements including the words "believes," "anticipates," "plans,"
"expects," "may," "should," "could," "estimate," "intend," "feels," "will," "projects" and other
similar expressions are intended to identify forward-looking statements. Actual results could
differ materially from those expressed in, or implied or projected by the forward-looking
information and statements due to a number of factors, variables or events. Certain of these
factors relate to the company's proposed business combination with Centene, including, among other
things, the expected closing date of the merger; the possibility that the expected synergies and
value creation from the proposed merger will not be realized, or will not be realized within the
expected time period, including, but not limited to, as a result of conditions, terms, obligations
or restrictions imposed by regulators in connection with their approval of, or consent to, the
merger; the risk that the businesses will not be integrated successfully; disruption from the
merger making it more difficult to maintain business and operational relationships; the risk that
unexpected costs will be incurred; the possibility that the merger does not close, including, but
not limited to, due to the failure to satisfy the closing conditions; the risk that financing for
the transaction may not be on favorable terms; and certain other risks associated with the merger,
as more fully discussed in the definitive joint proxy statement/prospectus that was filed with the
SEC on September 21, 2015, in connection with the merger. Other factors include, among others,
health care reform and other increased government participation in and taxation or regulation of
health benefits and managed care operations, including but not limited to the implementation of,
and subsequent modifications to, the Patient Protection and Affordable Care Act and the Health Care
and Education Reconciliation Act of 2010 and the regulations promulgated thereunder (collectively,
the "ACA") as well as any related fees, assessments and taxes; the company's ability to
successfully participate in the federal and state health insurance exchanges under the ACA, which
involve uncertainties related to the mix and volume of business that could negatively impact the
adequacy of the company's premium rates and may not be sufficiently offset by the risk
apportionment provisions of the ACA; increasing health care costs, including but not limited to
costs associated with adverse selection, undetected provider fraud and the introduction of new
treatments or therapies; the recompetition of the company's T-3 contract for the TRICARE North
region; negative prior period claims reserve developments; rate cuts and other risks and
uncertainties affecting the company's Medicare or Medicaid businesses; the company's ability to
successfully participate in California's Coordinated Care Initiative, which is subject to a number
of risks inherent in untested health care initiatives and requires the company to adequately
predict the costs of providing benefits to individuals that are generally among the most
chronically ill within each of Medicare and Medi-Cal; trends in medical care ratios; membership
declines or negative changes in the company's health care product mix; unexpected utilization
patterns or unexpectedly severe or widespread illnesses; failure to effectively oversee the
company's third-party vendors; the company's ability to reduce administrative expenses while
maintaining targeted levels of service and operating performance; noncompliance by the company or
the company's business associates with any privacy laws or any security breach involving the
misappropriation, loss or other unauthorized use or disclosure of confidential information; the
timing of collections on amounts receivable from state and federal governments and agencies;
litigation costs; regulatory issues with federal and state agencies including, but not limited to,
the California Department of Managed Health Care and Department of Health Care Services, the
Arizona Health Care Cost Containment System, the Centers for Medicare & Medicaid Services, the
Office of Civil Rights of the U.S. Department of Health and Human Services and state departments of
insurance; operational issues; changes in political, economic or market conditions; investment
portfolio impairment charges; volatility in the financial markets; and general business and market
conditions. The factors described in the context of such forward-looking statements in this press
release could cause the company or Centene's plans with respect to the proposed merger, actual
results, performance or achievements, industry results and developments to differ materially from
those expressed in or implied by such forward-looking statements. 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 filed with the SEC and the other risks
discussed in the company's filings with the SEC. Readers are cautioned not to place undue reliance
on these forward-looking statements. Except as may be required by law, the company undertakes no
obligation to address or publicly update any of its forward-looking statements to reflect events or
circumstances that arise after the date of this release.
Top of the Form
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly
caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Health Net, Inc.
March 22, 2016
By:
/s/ James E. Woys
Name:
James E. Woys
Title:
Executive Vice President, Chief
Financial and Operating Officer and
Interim Treasurer