View Poll Results: Do you agree with the component of HCR that disallows rescission.

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Thread: Question regarding HCR that is now in place?

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    Question regarding HCR that is now in place?

    I have read the original HCR and followed and work in the Healthcare Industrial Complex as a compassionate Provider.

    Question ... One part of the new HCR that is now in place is that the private payers (in one of the most lucrtive industries in the country) can no longer cancel your health insurance once you get sick. Yes people ... for years you could faithfully pay your premium and then be cancelled when the bad news hits.

    It was a common business practice known as rescission and one that Obama was adamant about to be included in HCR.

    In the new HCR under this administration health plans cannot cancel you when you get sick unless you committed fraud when you applied for coverage.

    Should this be overturned and is it unconstitutional to require a company to continue your coverage if you become ill. Another thought .... those companies that make billions ...if they cancle each woman that contracts breast cancer or each man that has a blocked artery when the next fiscal cycle rolls around they can make Billions.

    What do you think ...?
    Last edited by Turin; 06-22-12 at 05:02 PM.

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    Re: Question regarding HCR that is now in place?

    I understand insurance companies can and do act illegally, but it is my understanding that we already have laws that dictate that rescission is only allowed when they can prove the insured misrepresented themselves.

    If laws need tightening up to make sure this is the case, fine, but I don't like the idea that we need to do so just for one industry. contract law is contract law.

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    Re: Question regarding HCR that is now in place?

    Quote Originally Posted by ARealConservative View Post
    I understand insurance companies can and do act illegally, but it is my understanding that we already have laws that dictate that rescission is only allowed when they can prove the insured misrepresented themselves.

    If laws need tightening up to make sure this is the case, fine, but I don't like the idea that we need to do so just for one industry. contract law is contract law.
    There's also the pre-existing condition thing.

    In a system of private insurance only, this and rescission would seem to merit legislation.

    Always seemed to me that the ACA merely offered the insurance industry millions of new mandatory customers in exchange for ceasing practises they would have eventually been forced to end anyway.
    Anyone wondering what I'm talking about start here:
    The Psychology of Persuasion

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    Re: Question regarding HCR that is now in place?

    Quote Originally Posted by ARealConservative View Post
    I understand insurance companies can and do act illegally, but it is my understanding that we already have laws that dictate that rescission is only allowed when they can prove the insured misrepresented themselves.

    If laws need tightening up to make sure this is the case, fine, but I don't like the idea that we need to do so just for one industry. contract law is contract law.
    No the laws until HCR that prevented such were so watered down (lobbyists in billion dollar industries trolling the far right) by the very companies that until the HCR and this part now enacted it existed.

    Would you like that taken back to 2008 where rescission was alive and well?

    BTW ... I could have made more money working for such companies in the early 2000's and getting a bonus just to cut off people who have paid for 20 years ... lots of physicians and NP's did it.

    Keep in mind ... that act of rescission was one of the leading causes of personal bankruptcy among hardworking employed insured American citizens. Is that component of HCR protecting our citizens right or wrong?
    Last edited by Turin; 06-22-12 at 05:11 PM.

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    Re: Question regarding HCR that is now in place?

    while i think the private, for-profit health care delivery model is a failure in progress, i support banning providers from engaging in these practices.

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    Re: Question regarding HCR that is now in place?

    Quote Originally Posted by What if...? View Post
    There's also the pre-existing condition thing.
    preexisting conditions is an entirely different matter, those with higher risks carry a higher premiums.

    Unfortunately, previous meddling in the health care industry exacerbated this problem by shifting the rules and caused employers to be the source of our plans.

    In a system of private insurance only, this and rescission would seem to merit legislation.
    I still don't see any reason to make one industry operate under different rules. There are problems with the courts in that those with deep pockets abuse the system and willfully violate contracts. I would support sensible legislation to handle that issue, but it applies to all industries

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    Re: Question regarding HCR that is now in place?

    Quote Originally Posted by Helix View Post
    while i think the private, for-profit health care delivery model is a failure in progress, i support banning providers from engaging in these practices.
    who will go to school to become a dr without a profit motive? who invests money on new drug research to break even?

    simply removing profits from insurance companies isn't going to do jack squat either.

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    Re: Question regarding HCR that is now in place?

    Quote Originally Posted by Dion View Post
    No the laws until HCR that prevented such were so watered down (lobbyists in billion dollar industries trolling the far right) by the very companies that until the HCR and this part now enacted it existed.
    the law varies from state to state, but overall, I disagree with your assessment. the law itself still does not allow for rescission without some sort of misrepresentation on behalf of the insured.

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    Re: Question regarding HCR that is now in place?

    Quote Originally Posted by ARealConservative View Post
    who will go to school to become a dr without a profit motive? who invests money on new drug research to break even?

    simply removing profits from insurance companies isn't going to do jack squat either.
    i didn't argue that it would.

    we should vastly increase the supply of doctors and make it much less expensive to become one. additionally, with a billion dollar price tag to make it to phase 3 testing, aspirin probably wouldn't be approved if it were developed today. there are many facets of our failing system. however, that doesn't mean that the system isn't failing.

    our best bet is to look at what the rest of the first world is doing, pick the best parts of each plan, and craft a plan that will work for America. the "anything other than overpaying at every point of care is socialism" attitude is hindering the process.

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    Re: Question regarding HCR that is now in place?

    Rescission was very rare but was made into a "current health care CRISIS" boggie man, by those hoping to gain more support for health care mandates of ALL kinds. 90% of medical care insurance is bought and paid for by employers, so NO rescission is possible there. That leaves only individuals, the 10% that purchase policies directly from insurance companies that may even be subject to it.

    Consider the pre-existing condition ban, it sounds SO unfair too, but is it really? If I can buy medical insurance AFTER I discover an expensive to treat condition, or AFTER I feel sickly, then why EVER buy it before then? Why not cancel it immediately after care has been rendered and paid for? The same goes for "rescission"; if I say that I am healthy, or don't NOW smoke, then I get a MUCH better rate, so I likely will say so, hoping it to be true, or that it won't be challenged later. But who knows; I could have early to mid stage cancer yet may have not noticed any symptoms yet? Why don't I just wait until I am sick, or start feeling a bit off? Well, there is a compromise here, to be sure; one can postpone getting insurance until THEY "feel a bit sick" but have yet to seek treatment for that ailment (thus no proof of the "lie" is on file).

    This is where MOST rescission comes in; you say all is well and buy the medical insurance. Very soon, you go to the doctor, using that new insurance benefit (why not you are paying for it?) and they find multiple problems, clogged arteries, perhaps some tumors that my be bad news and run a bunch of expensive tests, these expenses (of course) go to the insurance company for payment; the next thing, when the test results come back, they say you need heart bypass surgery and treatment for cancer that will cost well over half a million dollars. The insurance company now feels they were SCREWED, since you have been with them for less than a year, had no prior insurance and they think that you KNEW you were in bad shape, but lied, when you decided, after 20 years, to finally buy medical insurance; they decide to rescind your policy, they know it will be appealed, that you may even get on the news, giving them bad press and they will likely spend up to $200K in legal fees, but they decide that beats taking at least a $500K sure loss.

    Link: http://healthblog.ncpa.org/rescissio...about-nothing/
    Last edited by ttwtt78640; 06-22-12 at 05:55 PM.
    “The reasonable man adapts himself to the world: the unreasonable one persists to adapt the world to himself.
    Therefore all progress depends on the unreasonable man.” ― George Bernard Shaw, Man and Superman

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