Wednesday, August 12, 2009

Healthcare

Depressing article about insurance companies practice of rescission.

Rescission happens when an insurance company cancels a client's policy because they believe the client lied when they applied for the policy -- the client pretended that they were healthier than they really were, the client concealed a serious and expensive illness, or the client simply made a mistake and omitted something about his or her health that the insurance company wanted to know.

The problem, according to the House subcommittee's investigation, is the amount of people who were rescinded who weren't trying to deceive the insurance companies at all. They found that when a client became ill -- especially with an expensive illness -- the insurance companies looked for a way to cancel their policy.


I don't see this as part of the healthcare debate. I see this as a criminal behavior by the individuals and companies. Toss 'em jail.

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