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View Diary: Taunter shreds health insurers' claims that rescission is rare (195 comments)

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  •  Krugman on group vs. individual policies (1+ / 0-)
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    DeeDee001

    This may have been covered already (I haven't read all 165 comments at this point).Paul Krugman points out on his blog in today's NY Times:

    I’d add that rescissions must be concentrated in the individual insurance market, since group coverage is, by law, not contingent on medical history. And the individual market is a small fraction of the total; again, this must mean that the phenomenon of insurers pulling your coverage when you get sick must be quite important indeed.

    So, if you have insurance through your job with a large company, you will be part of a group plan and will not face the particular problem of recission.  (You could still be under-insured due to limitations of the group plan policy, which is another serious issue.)  If you lose your job or change jobs and have to go to the individual insurance market, that is when recission becomes a probability in case of serious illness.

    •  They don't need rescission for groups because (0+ / 0-)

      they figure if you get that sick, you'll most likely lose your job. Then they're only stuck with you for 18 more months of COBRA.

      Fry, don't be a hero! It's not covered by our health plan!

      by elfling on Wed Aug 05, 2009 at 12:43:47 AM PDT

      [ Parent ]

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