Snipped from LATimes.com.

I was shocked by an article I read today regarding what health insurance companies are doing to increase profits at the expense of unknowing policy holders. Executives of the three largest health insurers faced a congressional hearing regarding the practice of “rescission” which basically is a tactic that insurers use to cancel policies on members who get sick.

Now these aren’t policy holders who were involved in any kind of fraud towards the insurers. They were just unfortunate patients who happened to get sick — really sick. The kind of sick that is expensive, so what easier way for insurers to limit their medical expenses than to just cancel their policy based on any inadvertent or unintended error in filling out an application. Read this article and witness why health care should never be a “for profit” business.

Here is a small portion of the article:

Executives of three of the nation’s largest health insurers told federal lawmakers in Washington on Tuesday that they would continue canceling medical coverage for some sick policyholders, despite withering criticism from Republican and Democratic members of Congress who decried the practice as unfair and abusive.

The hearing on the controversial action known as rescission, which has left thousands of Americans burdened with costly medical bills despite paying insurance premiums, began a day after President Obama outlined his proposals for revamping the nation’s healthcare system.

Read Full Article Here!