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State Regulators Fine Blue Cross for Canceling Policies
West News • March 26, 2007
State regulators fined California's largest health insurance provider $1 million for violating state law, saying an investigation found that the company systematically dropped policyholders after ...
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| Subject | Posted By | Posted On |
|---|---|---|
| RE: Twenty Two Cents per Person = $1M fine | ken | Mar 30, 2007, 10:37 pm |
| $8M Fine | ken | Mar 30, 2007, 6:06 pm |
| RE: Fine Above $8M coming | terence | Mar 30, 2007, 2:03 pm |
| Fine Above $8M coming | ken | Mar 29, 2007, 7:19 pm |
| Blue Cross | ken | Mar 29, 2007, 6:56 pm |
| IMPROPER rescission--an example | Klapper | Mar 29, 2007, 11:41 am |
| GOOD & SOLID rescission ? | klapper | Mar 29, 2007, 10:40 am |
| Blue Cross fine--will it exceed $2.3 ? | terence | Mar 29, 2007, 10:16 am |
| RE: Blue Cross and the Dept of Insurance. | ken | Mar 29, 2007, 12:46 am |
| Blue Cross and the Dept of Insurance. | Terence | Mar 26, 2007, 10:15 pm |
| RE: Anthem and Blue Cross the Same ? | Terence | Mar 26, 2007, 10:07 pm |
| Anthem and Blue Cross the Same ? | mv | Mar 26, 2007, 3:47 pm |
| Back to article | ||
Subject: RE: Twenty Two Cents per Person = $1M fine
The $1M fine represents 23 cents each they need to recover from each of them to pay that $1M DMHC fine.
How many people submit valid claims and get turned down for hundreds of dollars? It happens to all of us. How many millions in the pocket of Blue Cross if 23 cents = $1M?
Then Blue Cross was caught canceling policies for hundreds of thousands of dollars each. How much more profit is that?
There is NO fine the DMHC or the CA Insurance Commission that they can do that would even get Blue Cross to get upset over.
Blue Cross is a "monster" that controls and manipulates the market illegally and they cannot be stopped.
It would take fines of $500M to get them to change and that will not happen.
Blue Cross is a "run a way freight train" and cannot be stopped. They are another Enron and worse, as they are killing people by canceling policies and more. At least Enron did not cancel the policy of a 6 year old with cancer or cancel the policies of pregnanat women hoping they would miscarriage. This company is filled with white collar thieves and they are caught and life goes on.