Rescinded Insurance Policies, Employee Bonuses
You pay for insurance on the off-chance that your health fails.
Your insurance company takes your money and pays its employees a bonus to cancel your benefits when your health fails.
Your health fails – but look at it this way, some lucky drone just won a bonus. (Though he’ll doubtless lose his insurance, too, should his health fail… only fair, right?)
During the case, evidence emerged that Health Net had paid bonuses to employees to reward them based on the number of policyholders they had rescinded. The judge who awarded Bates the $9 million said in his decision: “It’s difficult to imagine a policy more reprehensible than tying bonuses to encourage the rescission of health insurance that keeps the public well and alive.”
- Insurance Company Must Pay $10 Million
For Revoking Policy Of Teen With HIV
by Murray Waas for HuffingtonPost.com
2009-09-17
Perhaps life insurance companies have similar bonus structures – kill the policyholder but “make it look like a suicide” to claim your bonus…
