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The South Carolina Supreme Court has ordered an insurance company to pay $10 million for wrongly revoking the insurance policy of a 17-year-old college student after he tested positive for HIV. The court called the 2002 decision by the insurance company "reprehensible."
That appears to be the most an insurance company has ever been ordered to pay in a case involving the practice known as rescission, in which insurance companies retroactively cancel coverage for policyholders based on alleged misstatements - sometimes right after diagnoses of life-threatening diseases.
Wait a minute. You're not alking about ACORN? You mean there is corruption in other organizations? Why isn't FOX news seriously focusing on this story? Has Hannity gotten a hold of it? I'll bet his whole show today will be devoted to this outrage!
$10,000,000.00? Yeah, I agree that the insurance company should be penalized and forced to cover this person's care, but $10M? That's just a bit excessive.
I do find it ironic - although not surprising - that the people who cheer decisions like this one are the very same people who complain the loudest about the cost of health insurance.
Are they all really just that stupid? Or is it something else?
$10,000,000.00? Yeah, I agree that the insurance company should be penalized and forced to cover this person's care, but $10M? That's just a bit excessive.
I do find it ironic - although not surprising - that the people who cheer decisions like this one are the very same people who complain the loudest about the cost of health insurance.
Are they all really just that stupid? Or is it something else?
I agree 10 M is excessive. They should have to pay about $750,000 and then pay for all the medicines he had to pay for out of pocket and such.
$10,000,000.00? Yeah, I agree that the insurance company should be penalized and forced to cover this person's care, but $10M? That's just a bit excessive.
I do find it ironic - although not surprising - that the people who cheer decisions like this one are the very same people who complain the loudest about the cost of health insurance.
Are they all really just that stupid? Or is it something else?
No they know that malpractice costs are an insignificant component of health care costs. We aren't the stupid ones. The stupid ones are the sheeple who believe the rant that suing an insurance company for bad faith or a doctor for negligence is the problem. It's the underlying bad faith and negligence that is a problem.
problem is.. insurance companies do not learn any lessons.. they just pay it out and jack up everyone's rates to pay for it.. they don't lose anything in this deal...
I feel bad for this guy for being denied coverage.. but 10 million dollars? you could provide basic medical services to a small african country for that much...
Problem when everything is in the hands of independent private entities.. everyone has a right to file a lawsuit and it is up to the individual courts to determine who wins and who loses and what is appropriate for a pay out...
That is just too much a a variance to make private healthcare anything other than expensive for everyone...
problem is.. insurance companies do not learn any lessons.. they just pay it out and jack up everyone's rates to pay for it.. they don't lose anything in this deal...
I feel bad for this guy for being denied coverage.. but 10 million dollars? you could provide basic medical services to a small african country for that much...
Problem when everything is in the hands of independent private entities.. everyone has a right to file a lawsuit and it is up to the individual courts to determine who wins and who loses and what is appropriate for a pay out...
That is just too much a a variance to make private healthcare anything other than expensive for everyone...
I agree the fine should be assess personally against the CEO. That will get his attention.
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