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Bonuses for cancelling insurance policies
Message
From
09/11/2007 12:25:41
 
 
To
09/11/2007 11:55:20
Dragan Nedeljkovich (Online)
Now officially retired
Zrenjanin, Serbia
General information
Forum:
Politics
Category:
Other
Miscellaneous
Thread ID:
01267950
Message ID:
01267976
Views:
13
>>(You might have to register for the site, but it's free).
>>
>>
>>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
>
>And ms Clinton's plan is to pour tax money into insurance companies? How is that going to help anybody but the insurance companies?

Have you red her plans? I haven't, but my hunch is that she wants to reorganize the whole system. Instead of private insurance policies (between an individual customer and an insurance company) the U.S. might choose to do it the European way: People pay more taxes and the government pays the insurance companies.

Having said that, the recent practice here (Netherlands) is a system where people pay certain taxes, the government passes that money to insurance companies on behalf of certain medical expenses and people directly pay to a freely chosen company for the rest of the medical expenses. One difference with your system might be that we are all *obliged* to choose a company. Nobody is allowed to have no insurance at all.
Groet,
Peter de Valença

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