Post-of-the-week is an entry by “Taunter” that’s blowing up the internets. His must-read essay entitled “Unconscionable Math” explains the healthcare industry’s practice of canceling your policy — known as “rescission” — right when you need it most. The money quote:
If, as I suspect, rescission is targeted toward the truly bankrupting cases Ã¢â‚¬â€œ the top 1%, the folks with over $35,000 of annual claims who could never be profitable for the carrier Ã¢â‚¬â€œ then the probability of having your policy torn up given a massively expensive condition is pushing 50%. One in two.Ã‚Â You have three times better odds playing Russian Roulette.
I don’t have much to add to Taunter’s post, it’s really worth reading all the way through. But it’s scary to think that we’re not even talking about the millions of people who can’t get insurance — these are people who’ve done everything right. So even if you have a great plan, the profit motive requires these corporations to maximize earnings by denying care to people — likeÃ‚Â Shelly Andrews-Buta or Nataline Sarkisyan — who desperately need life-saving help.