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Health insurers likely to receive fines
Malaysia News.Net
Tuesday 8th July, 2008
Health insurance regulators are hoping to impose further fines on Anthem Blue Cross, which cancelled 1,770 patient policies last year.
The firm has already been fined one million dollars for improperly cancelled policies.
The renewed enforcement effort has come after a revelation that the state of California was intimidated by the insurer's legal resources.
Each time a medical insurer cancels a policy, it faces the possibility of a $200,000 fine.
The courts last year said that Anthem Blue Cross had caused irreparable harm to some of its customers by making them responsible for large medical bills and preventing them from keeping their coverage.
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