Health Insurer Must Pay $9 Million for Canceling Sick Woman's Policy

[Meshavrischika]

http://abcnews.go.com/GMA/OnCallPlusBreastCancerNews/story?id=4338818

Bates faced the bureaucratic diagnosis of rescission: when a health insurer retroactively cancels your insurance policy. But in a precedent-setting decision announced last week, a California judge ordered Bates' insurer to pay her more than $9 million for dropping her policy after it learned she had cancer.

 

[ArnautDaniel]

And the insurance company thought it had a good deal of taking people's money when they were healthy and then retroactively terminating the policies of people who got sick.

All money and no risk.