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One of the state's largest health insurers set goals and paid bonuses based in part on how many individual policyholders were dropped and how much money was saved.

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.

Now I know according to the greedy, selfish among us this is just an example of capitalism working at it's finest. But I find it kind of disgusting how many lives have probably been ruined over this.

http://www.latimes.com/business/la-fi-insure9nov09,0,4409342.story?coll=la-home-center