Humana on Health Reform: Costs Will Rise

by kespeland on March 22, 2010

Private insurers are among those reacting to the passage and likely signing into law of the health care reform bill.  Louisville-based Humana spokesman Tom Noland says the company stands to gain from it by the number of uninsured who will soon be added to the rolls – and have to buy their product.  But Noland says the company’s costs could go up.

“Unfortunately, the bill doesn’t do anything to contain costs, which is the biggest problem in health care.  And in fact the incentives within the bill are going to likely raise costs rather than lower them,” said Noland.

According to the Henry J. Kaiser Family Foundation’s Kaiser Health News, it’s still hard to predict what the legislation could mean for individual and family premiums.  And the efforts that are in the bill to contain rising health care costs may not have much of an effect for years to come.

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{ 5 comments }

scott rutledge March 23, 2010 at 12:06 pm

You can see the writng on the wall, Humana has already said their going to raise there rates, 1 hour after the signing of the healthcare reform bill by Pres. Obama. Humana is saying that this bill would likely cause them to raise there rates. They raise there rates and blame it on the Pres. rightttttt. Humana is just licking there chops

DLM March 23, 2010 at 12:40 pm

People should think before they speak.

deb March 23, 2010 at 12:53 pm

Costs vs Rates – huge difference. Claims will rise and costs will rise…the $1Million question…Will there be enough in premiums from everyone to pay for the claims?

scott rutledge March 23, 2010 at 12:12 pm

Humanas Tom Nolan says even though Humana will benefit from the healthcare reform they will still raise there rates, gee Tom i’d like to know how much your bonus was in 2009

Joe Jackson March 23, 2010 at 1:44 pm

The bill states that Medicare will pay doctors 21% less then they already do. The doctors will make up this difference by charging their patience with a commercial insurance plan more. This leads to higher claims and higher premiums. This is how it has worked historically.

I hope I’m wrong.

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