Top private insurer to make reimbursement cuts

While the department of insurance doesn’t typically get involved in network payout cases, Chaney says his office is working as a facilitator.

“The problem is that most companies are facing some tremendous pressure on the cost and to hold cost down they’re reducing the payments that they make to the providers,” said Chaney.

By reducing those payments, Chaney says consumers will most likely have to eventually pay more. Some physicians are concerned it will all hurt the state’s medical climate while Chaney says companies and states around the region are battling the same problem.

“We’re not the only state in this boat. Alabama is in the same boat we’re in. Louisiana, Tennessee, Arkansas, Texas, Florida, Georgia, we’re all in the same boat and we’re all working to try to have a common solution to make things work,” said Chaney.