Humana CEO Bruce Broussard discussed how the coronavirus pandemic is changing health care on 'Closing Bell.'
, with some states waiving prior restrictions on the services. Broussard also said that he could see more health-care services being performed in the home going forward so patients do not necessarily need to go into the hospital.one of the favorite stocks on Wall Street. The company's shares have more than doubled this year.
However, some of the traditional revenue sources for hospitals and other health-care providers have disappeared during the crisis. Many hospitals around the country have postponed elective surgeries to conserve supplies and staff for Covid-19 patients. Once restrictions on elective procedures are lifted, demand may not snap back to where it was before. Broussard said he expects a "slow but steady" recovery in the health-care sector as patients may be wary about going back to the hospital.
Humana on Tuesday announced that it was waiving copays and other cost sharing for primary care and behavioral health services for its Medicare Advantage customers in an attempt to encourage them to begin using the health-care system again. "We're seeing delayed care in those areas, and we really believe it's important both for our members and for the providers to restart the health-care system," Broussard said.Related Tags
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