Big Insurance and its Bag of Tricks
The ink may have dried on the federal health care reform bill, but the health insurance industry isn’t packing up its bag of tricks and going quietly into the night. Instead, insurers actually appear to be stepping up their attempts to game the system, seeking to exploit the window of opportunity before new rules and regulations take effect. They’re scheming to (a) inflate their rates, (b) kick customers with health issues off their rolls, and (c) employ creative accounting to reclassify costs, all in the interest of maximizing short-term profits. Continue reading
