Humana Contract With UofL Physicians Ending

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.

Click here for more details. If you’re insured by Humana and utilize UofL doctors, click here for information that could come in handy.

UofL doesn’t seem to be taking this in stride. Any predictions?

1 thought on “Humana Contract With UofL Physicians Ending

  1. People who buy health insurance through group health plans (i.e. employer-sponsored & subsidized plans) should expect to experience this Insurance phenomenon more often in the future as physicians and group health insurers fight more aggressively over healthcare dollars. I went through this phenomenon last year when Norton and Anthem went head:head. If I had needed to see my PCP, I would’ve had to pay cash at list-price while simultaneously paying a small bundle every 2 weeks at work. People should think about having a back-up plan for how to pay for healthcare when they aren’t able to use their active group health plan.

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