No, No and No
That’s what Mr. Health Insurance exec says to the following questions–I don’t want a public plan to compete with me, I don’t want any type of insurance reform, and I don’t want to change my wicked ways.
The yes response? That we’ll continue to be unethical and rip off consumers as much as possible.
Now I’m not being unduly harsh towards insurers, but really, they are gritting their teeth at the mere mention of healthcare reform, except if a law is passed requiring people to purchase private insurance. But according to this article in the LA Times, they seem rather offended that anyone would even ask them to cease and desist highly unethical practices.
Executives of three of the nation’s largest health insurers told federal lawmakers in Washington on Tuesday that they would continue canceling medical coverage for some sick policyholders, despite withering criticism from Republican and Democratic members of Congress who decried the practice as unfair and abusive.
The hearing on the controversial action known as rescission, which has left thousands of Americans burdened with costly medical bills despite paying insurance premiums, began a day after President Obama outlined his proposals for revamping the nation’s healthcare system.
It is amazing to listen to their utter arrogance and defiance. Screwing the public is fair game to them. All they want is to collect premiums, but Lord help you if you actually get sick and need them to pay. Then they find all sorts of ways to get rid of you. Basically, they only want to insure healthy people who will send them a check every month and who will never utilize their services.
An investigation by the House Subcommittee on Oversight and Investigations showed that health insurers WellPoint Inc., UnitedHealth Group and Assurant Inc. canceled the coverage of more than 20,000 people, allowing the companies to avoid paying more than $300 million in medical claims over a five-year period.
It also found that policyholders with breast cancer, lymphoma and more than 1,000 other conditions were targeted for rescission and that employees were praised in performance reviews for terminating the policies of customers with expensive illnesses.
Ya just gotta love ‘em.

