Largest Health Insurer Rewarded Employees for Canceling Sick Patients
The health insurance industry managed to sink to a new low this week when a congressional committee revealed that it is common practice for insurers to pay their employees incentives for canceling the policies of sick patients. Documents obtained by the House Subcommittee on Oversight and Investigations of the Committee On Energy and Commerce showed how insurance company workers for WellPoint received high marks on performance reviews after saving millions of dollars in costs through the practice of “rescission,” or retroactively canceling policies on technical grounds. Three insurance companies—WellPoint, Golden Rule (owned by United Health) and Assurant—rescinded more than 20,000 policies over five years and refused to pay for more than $300 million in medical expenses.
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