The Los Angeles Times reports that Health Net Inc., one of California’s largest insurers, “avoided paying $35.5 million in medical expenses by rescinding about 1,600 policies between 2000 and 2006.” Its senior analyst in charge of cancellations, Barbara Fowler, made $20,000 in bonuses during that period for meeting cancellation goals. We hope for her family’s health that she uses that extra money to buy insurance from a better company than Health Net.
Nothing says “I love you, Mom,” like some more medicine for her diabetes, or “You’re the best, Dad,” like a refill of nitro tablets. That’s why the health insurance company Highmark is offering new Healthcare Visa Gift Cards—for about $5 plus an unspecified shipping and handling fee, you can load it with anywhere from $25 to $5,000 to be used exclusively on medical expenses. After the first 9 months, the card emerges from the womb of “I already paid for this!” and starts charging you a monthly $1.50 maintenance fee. Won’t your kid be excited come Christmas morning when she finds out her staph infection is going to get treated?!