It is very sad how you may invest such a large portion of your hard earned income for insurance coverage, and when you need it, you get dropped. It must have been very scary for a California hairdresser to be diagnosed with cancer. As if that wasn’t bad enough, imagine starting cancer treatment, then having your health insurance policy canceled. According to a recent story on ABC news, (http://abcnews.go.com/WN/story?id=3846673&page=1) the insurance carrier “set goals for its employees to cancel policies, and the carrier paid more than $20,000 in bonuses to its senior cancellation specialist. “ The article further indicates court documents show that over six years the carrier canceled 1,600 policies, avoiding at least $35.5 million in medical expenses. It is terrifying to think that insurance companies would drop people when they need the coverage the most, and worse yet, give major bonuses to employees for canceling policies, especially at a time when treatment is critical and a life depends on it. This demonstrates that insurance companies care more about your money than taking care of you.
