Mark Lutes, Epstein Becker Green Chair and Member of the Firm in the Health Care and Life Sciences practice in the firm’s Washington, D.C. office, was quoted in an article titled “Obamacare Threatens to Overwhelm CEOs.”
Following is an excerpt:
Because they now have to cover both healthy and less healthy individuals, insurance providers have raised premiums to cover risk for their whole book of business, which has changed. But the fluctuations in premium prices should be leveling out now, says Mark Lutes, a senior member of Epstein Becker Green’s healthcare and life sciences practice and the firm’s chairman. “Carriers have been baking in the increased costs of some of the coverage parameter changes that the ACA has caused, so while there are adjustments to price being made to accommodate the changes, there should be a decent estimate of those already.” As insurers get more comfortable with the new landscape, he says, the market will likely become more competitive and prices could potentially come down.
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Chair—Board of Directors / Member of the Firm