Let’s hope this battle doesn’t require hospitalization for either opponent. In one corner you’ve got Anthem, which needs a 35% rate increase in California, despite making billions in profits. In the other corner is Assurant, who targeted and subsequently dropped HIV patients from its insurance rolls.
If you’re not familiar with the concept of rescission, it’s a lovely business practice of health insurance companies in which they examine patients records to find a reason to “rescind” coverage after finding out that a customer has a life-threatening illness. This saves them money. That’s not news. What is news is that according to new documents revealed in a court case, one insurer “Fortis” (now known as Assurant Health) specifically targeted people who were newly diagnosed with HIV.