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November 11th, 2007

We’re happy to insure the healthy

I am not sure that single payer is the way to go, but hopefully the government can step in with some regulations that can prevent things like this:

Internal company documents made public in the suit “provided an unprecedented peek at a company’s internal operations and marked the first time an insurer had revealed how it linked cancellations to employee performance goals and to its bottom line,” reported Lisa Girion in the LA newspaper.

The documents outline the role played by Barbara Fowler, Health Net’s senior analyst overseeing rescission reviews. The company set out to cut millions of dollars in costs by denying customer’s care, and Fowler was in charge of that effort, cutting around 300 policies per year.

this is one of those issues that could be fixed with a little government intervention, maybe a regulation that prevents an insurance company from dropping someone after they have made a certain number of payments.  It seems that cases like this become the basis for many people suggesting a single payer system and eliminating insurance companies altogether.  Hopefully insurance companies will realize that if they don’t start behaving in a more responsible manner the industry may not survive into the next decade.

See the entire article here 

Posted by John Rove in Words

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