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rescission

Rescission, the practice of a rogue industry

Tue, 09/08/2009 - 11:08am — DCblogger

Rubber Hose

rescission is such a loathsome practice, i have no idea why the pro-reformers aren't highlighting it more. if you do the math, it means that if you're insured, you have roughly a 50% chance of losing your insurance if you're ever diagnosed with a massively expensive medical condition. it's insane. it means that half of us with insurance aren't really insured against something really bad happening. there's really no way to defend the practice.

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"Exceptional" Blue Cross employee helps avoid paying for nearly $10 million of medical care

Tue, 06/23/2009 - 10:20pm — gob

Here's a story I missed at the time (June 17th), brought up by a local activist in our meeting today: three health insurance CEOs refused, in a Congressional hearing, to limit rescissions to cases of fraud ("rescission" is the health care parasites' term for retroactively canceling your policy, nominally on the grounds that you failed to disclose a material fact about your health history):

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