I’ve been watching a replay of last Friday’s health care forum. Lefty Senator Jay Rockefeller has been blathering about evil insurers cancelling coverage for people with pre-existing conditions. Separate from debating the truth of the characterization, is this really a big problem?
I figure the Failed Obama Administration™’s own website, HealthReform.gov, should provide data well-suited to support a perspective that this practice, called “recission”, is a widespread horror:
A recent Congressional investigation into this practice found nearly 20,000 rescissions from three large insurers over five years, saving them $300 million in medical claims – $300 million that instead had to come out of the pockets of people who thought they were insured, or became bad debt for health care providers.