Meet Your Insurance Company Executive: Rescission

[democracy1st]

Run time: 01:59 http://www.youtube.com/watch?v=gVTBCkgyJ24   Posted on YouTube: September 15, 2009 By YouTube Member: Views on YouTube: 0   Posted on DU: September 16, 2009 By DU Member: democracy1st Views on DU: 2196

 
Wendell Potter, former CIGNA Healthcare Director of Communications explains the insurance industry practice of rescission

[Turborama]

1. K&R Wendell Potter is doing a great job pulling the curtain

It's a real shame that Faux viewers never take notice of people like Potter who speak the truth and are only speaking out for their best interests. Instead they only listen to those are deceiving them into backing health care corporations who do not have their best interests at heart.

I've archived a lot more of Wendell Potter's excellent curtain pulling in my Journal.

[cutlassmama]

2. K&R...Glad he's out there exposing these ins. cos n/t

[dotymed]

3. This is proof

That "for profit" insurance companies can not work
for their customers when they have to, by law, first do what
is in the best financial interest of their company. With
Universal Health Care (Single Payer), we could minimize the
impact of for profit companies (in insurance) and by covering
all Americans (through our progressive tax base), we (public
insurance) would be able to not lose money on saving peoples
lives. Because we would have so many customers, the costs
would drop dramatically, also we could (and should, just like
ALL other nations) negotiate the price of medicines and
treatments. We would watch health care costs shrink from the
current 17% of GDP to a maximum of 10% of GDP which is
approximately what it is in the highest paying countries.
That represents a savings of Trillions of dollars and
everyone gets great, quality health care. Why would ANY hard
working American be opposed to this???

[Thornleylv]

4. Huh

[ScottLand]

5. Thanks to Wendell Potter for this.

We need to make his name a household word.

[ro1942]

6. Wendell Potter is a hero Thanks

[wolfgangmo]

7. I've seen it happen hundreds of times.

I own a clinic and I used to see this all the time untill we stopped billing insurance and took out clinic from the work of health insurance billing to the work of health care.

I have even seen a form of this played out against doctors that the insurance companies don't like (because they actually do thier jobs and care for their patients) by way of retroactively canceling payments for months because they have "reviewed" the records and decided that something they used to pay for shouldn't have been payed for and so they want their money back.

Insurance companies rob everyone and our elected representatives help them. Keep calling and meeting with reps and citizens. Hold their feet to the fire. They are scared and now is the time to strike.

[tomm2thumbs]

8. the elephant in the room is that Insurance Companies are the problem here

we all know it
we all believe it, yet
we all sit and smile at the elephant
in the room

[indimuse]

9. KNR! n/t

[Uncle Joe]

10. "Three

"health" care companies alone have rescinded 20,000 policies over the last five years."

I wonder how many of those 20,000 Americans have since died?

Thanks for the thread, democracy1st.

[ihavenobias]

11. K & R n/t

[Iwillnevergiveup]

12. Wendell Potter

and Howard Dean need to do a tag team media blitz on all networks.

K&R

[Maestro]

13. Horrible!

Not surprising but absolutely despicable. I hope that lady received help from somewhere.

[Joe Bacon]

14. Insurance companies can kill and get away with it.

What other line of work pays bonuses to people who can kill with impunity?

FUCK BAUCUS. FUCK LIEBERMAN. FUCK THE INSURANCE RACKETEERS. PUT THESE MOTHERFATHERS OUT OF BUSINESS!

[Name removed]

15. Deleted message

Message removed by moderator. Click here to review the message board rules.

[Ajaye]

16. Did you read the comments?

Absolutely chilling. These people are just heartless, always, always blaming the victim.

I cannot for the life of me understand how anyone can be so coldblooded, so identified with big business, so bereft of compassion and common sense to find any way to justify this practice. Rescission is simply a nasty business practice that violates people's trust in the good faith of the health insurance industry. I very much doubt that many health insurance contracts are canceled on the basis of material fraud. No, they are canceled because insurance companies will look for any pretext to deny coverage. They actively seek out reasons. Oh, that treatment is experimental. Oh, this medicine isn't on our approved list, you have to take this one instead. Oh, that doctor is out of network. Oh, you had a yeast infection ten years ago, so you defrauded us by not telling us and we take back our contract!

The insurance companies have people to pour over medical records to find reasons to deny coverage, so inadvertant failures to disclose may result in rescission. Of course, after years of accepting premiums it is patently unfair to rescind a contract.

This worship of capitalism and the private markets is bizarre. I mean consumers have very little power vis a vis the insurance industry, particularly health insurance. Why on earth shouldn't that inequity be addressed?


These people are just unbelievable. Every day I am astounded at the absolute nastiness and stupidity of these people.

[Mind_your_head]

17. When an insurance company rescinds an insurance policy because the

insurance company determines that the policy holder lied or was mis-leading on their application, the insurance company then REFUNDS the money that the policy holder paid in all of those years, correct?

NO! you say....hmmmm......

How could the insurance company keep any money that they collected from a 'fraudulent' application? The money paid in should rightfully be returned to the payor.

Accepting money (and KEEPING IT) means that there is a contract "in force".
---------

Main Entry: re·scind
Pronunciation: \ri-ˈsind\
Function: transitive verb
Etymology: Latin rescindere to annul, from re- + scindere to cut — more at shed
Date: 1579
1 : to take away : remove
2 a : take back, cancel <refused to rescind the order> b : to abrogate (a contract) and restore the parties to the positions they would have occupied had there been no contract
3 : to make void (as an act) by action of the enacting authority or a superior authority : repeal

— re·scind·er noun

— re·scind·ment \-ˈsin(d)-mənt\ noun

http://www.merriam-webster.com/dictionary/rescind

[drmeow]

18. A more thorough

response than my first thought which was - the insurance company doesn't just "save billions of dollars" doing this, they STEAL millions of dollars in premiums from the people whose policies they rescind.

[drmeow]

19. Insurance companies need

the corporate equivalent of being tarred, feather, drawn, quartered, and the pieces hung from pikes along the road to be a lesson for others. There is no hell in this universe which is bad enough for insurance company executives and the people who set these policies.