Got Humana? Well… no agreement’s been reached with Humana and University of Louisville phsyicians, so the contract ends tonight at midnight.
UofL sent letters to patients who have Humana updating them on possible outcomes. And a ton of employers and brokers have also been contacted.
Here’s a snippet from the latest press release from UofL physicians:
Patients have been encouraged to contact Humana to learn how their health coverage will be affected. Most will have to change doctors or pay out-of-network charges. Employers may need to consider changing insurance carriers if they still wish in-network coverage for their employees.
Humana initiated the dispute by demanding a 10% decrease in reimbursements. UofL Physicians rejected that demand and provided a counter-offer that was more in line with comparable reimbursements. Humana has rejected that offer.
Humana is a for-profit business with their executives getting millions of dollars in bonuses. Last year, their CEO received a bonus of $1.8 million over his million dollar salary.
Humana had a 65% increase in profits in 2009 worth billions of dollars.
UofL Physicians represents the largest collection of specialist physicians in the region with those specialists representing nearly every conceivable adult and pediatric medical and surgical discipline.
UofL Physicians is principally responsible for staffing at Kosair Children’s Hospital and UofL Hospital, and provides care for patients at hospitals throughout the city, including UofL Hospital, Kosair Children’s Hospital, the James Graham Brown Cancer Center, Norton Hospital, Jewish Hospital, Baptist East Hospital, and at a number of inpatient and outpatient sites around the state.
UofL doesn’t seem to be taking this in stride. Any predictions?