From the Herald Leader:
FRANKFORT, Ky. — Gov. Steve Beshear's administration confirmed Monday that Kentucky is seeking a waiver from a portion of the federal health care overhaul that requires large insurance companies to spend at least 85 percent of premiums on medical care.
Insurance Commissioner Sharon Clark made the request in a letter to Health and Human Services Secretary Kathleen Sebelius earlier this month, saying she feared it will create a financial hardship on some insurers and insurance agents.
"Quite frankly, I just thought it was the responsible thing to do," Clark said Monday
Below is a list of active insurers from the Kentucky Department of Insurance. Regardless of the name they are all Humana, one company, one insurer.
CHA HMO, Inc. DBA : CHA Health
CompBenefits Dental, Inc.
CompBenefits Insurance Company
Dental Concern Inc. (The)
Emphesys Insurance Company
Humana Health Insurance Company of Florida Inc.
Humana Health Plan of Ohio Inc.
Humana Health Plan, Inc.
Humana Insurance Company
Humana Insurance Company of Kentucky
HumanaDental Insurance Company
Kanawha Insurance Company
Here are a few facts about Humana.
In 2010 Humana’s first quarter net income was $258.8 million dollars.
Humana's first-quarter net income was $258.8 million, or $1.52 per share, compared with $205.7 million, or $1.22 per share, a year earlier.
Below is a list of active insurers from the Kentucky Department of Insurance. Regardless of the name they are all Humana, one company, one insurer.
CHA HMO, Inc. DBA : CHA Health
CompBenefits Dental, Inc.
CompBenefits Insurance Company
Dental Concern Inc. (The)
Emphesys Insurance Company
Humana Health Insurance Company of Florida Inc.
Humana Health Plan of Ohio Inc.
Humana Health Plan, Inc.
Humana Insurance Company
Humana Insurance Company of Kentucky
HumanaDental Insurance Company
Kanawha Insurance Company
Here are a few facts about Humana.
In 2010 Humana’s first quarter net income was $258.8 million dollars.
Humana's first-quarter net income was $258.8 million, or $1.52 per share, compared with $205.7 million, or $1.22 per share, a year earlier.
According to Forbes:
Michael B McCallister has been CEO of Humana (HUM) for 6 years. Mr. McCallister has been with the company for 32 years. His 6-Year Average Compensation has been $2.71 million per year.
According to the Kentucky Registry of Election Finance Humana’s PAC and employees have contributed over $260,000.00 to political candidates in Kentucky.
Michael B McCallister has been CEO of Humana (HUM) for 6 years. Mr. McCallister has been with the company for 32 years. His 6-Year Average Compensation has been $2.71 million per year.
According to the Kentucky Registry of Election Finance Humana’s PAC and employees have contributed over $260,000.00 to political candidates in Kentucky.
“The responsible thing to do”, really Commissioner? Are you kidding me?
Money talks, this time Humana is pulling the strings of a puppet that is supposed to regulate the Insurance industry in Kentucky.
But maybe I’m being too hard on Sharon Clark, I’m sure the Commissioner of Insurance is just doing what the Governor is telling her to do.
4 comments:
See, if that kind of money goes to consumers instead of corporate pockets, private health insurance would be much more attractive.
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I find it ironic that insurance companies, which are supposed to make lives of people better, find very little reason to be responsible to their customers if it doesn't make money.
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I agree with Jon, insurance companies must consider the needs of their consumers before pocketing this huge amount of money.
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I hope insurance companies would consider their clients and will provide a good services but affordable insurance plans. Consumers would love this idea if insurance companies implemented this and not after the money.
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