Article about hearing where CEOs of healthcare companies display the arrogance that will be their undoing. Even if you pay into their systems for years, they will drop you from the plan using a process called rescission. In plainer terms, it’s called getting screwed by an immoral corporation.
UPDATE: Source article in the LA Times. Best bit:
“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.”
You can watch the three-plus hour hearing here.
Q: Where’s the “free market” now conservatives?
A: The free market can’t talk right now, it’s buy figuring out ways to no longer offer insurance coverage to the people who need it most.
Broken system. Time for change.
Via: Daring Fireball.