California fines plan for failing to reveal policy cancellation incentive
California regulators are investigating other insurers and tightening regulations to limit individual insurance rescission.
Meanwhile, a new law gives doctors protection.
By Emily Berry, AMNews staff. Dec. 10, 2007.
Health Net has agreed to pay the state of California $1 million for failing to tell the whole truth to regulators about how it rewarded its employees who cancelled individuals' health insurance.
The company -- and others -- could face more fines in the future as the California Dept. of Managed Health Care continues to investigate insurance rescission practices...