Friday, November 09, 2007

INFURIATING health ins. rip-off....

From LA Times via truthout.org :

Health Insurer Tied Bonuses to Dropping Sick Policyholders

http://www.truthout.org/issues_06/110907HA.shtml

Lisa Girion, The Los Angeles Times: "Woodland Hills-based Health Net Inc. avoided paying $35.5 million in medical expenses by rescinding about 1,600 policies between 2000 and 2006. During that period, it paid its senior analyst in charge of cancellations more than $20,000 in bonuses based in part on her meeting or exceeding annual targets for revoking policies, documents disclosed Thursday showed."

[Use link above to continue reading]

Wrap...

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