Pharma Investments, Ventures & Law Weekly
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Health Insurance
Insurance Cancellation Settlements Not Enough to Protect CA Patients
October 5th, 2008
New legislation awaiting Governor Schwarzenegger's signature -- not settlements between health insurers and state regulators -- is needed to protect Californians from future cancellations of coverage when they get sick and need coverage the most, said Consumer Watchdog. Today's settlement between the California Department of Insurance and Health Net over retroactive cancellation -- rescission -- of health insurance policies comes in the wake of four similar settlements reached by the Department of Managed Health Care and state HMOs. The settlements help people whose coverage was previously canceled but do not sufficiently protect current and future policyholders. ...
Source: Pharma Investments, Ventures & Law Weekly (2008-10-05)
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