Health Insurers Won't Drop Sick Policyholders | 2010.04.30 |
Facing harsh criticism and government action, two of the United States' largest health insurers said they will stop dropping sick policyholders, a practice known as rescission. The announcements were made this week by Blue Shield of California and WellPoint, Inc., the parent company of Anthem Blue Cross of California, the Los Angeles Times reported. The decisions by the two companies will benefit consumers, said Cindy Ehnes, director of the California Department of Managed Health Care. She was the first regulator to challenge the insurers on rescission. |