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This is unbelievable! Health insurer tied bonuses to dropping sick policyholdersFrom: GIN11153@aol.comSat Nov 10 00:22:59 2007
_Insurer Cancelled Policies for Profits, Documents Show_ (http://www.latimes.com/business/la-fi-insure9nov09,0,4409342.story?coll=la-home-center) Health Net Inc., one of California’s largest health insurance companies, set benchmarks and paid bonuses to employees based on how many policies were cancelled and resulting profits. According to documents revealed this week, the insurer rescinded approximately 1,600 policies between 2000 and 2006, saving the company $35.5 million in medical costs. The company documents were made public as part of an ongoing arbitration hearing involving a woman whose coverage was rescinded in the middle of chemotherapy treatment for breast cancer. Lisa Girion, LA Times 11/09/2007 Read Article: _http://www.latimes.com/business/la-fi-insure9nov09,0,4409342.story?coll=la-ho me-center_ (http://www.latimes.com/business/la-fi-insure9nov09,0,4409342.story?coll=la-home-center) Gail
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