Insurer forced to pay for cancelling helath policy
For those of us buying our own individual health policies, a big concern is "If I become seriously ill, will the insurer look for a way to cancel my policy?". Here is an example of an insurance company doing just that, but ending up having to pay $9.3 million in restitution.
[Patsy Bates] was undergoing chemotherapy treatments for breast cancer in late 2003 when Health Net began to question the validity of her policy. Claiming that Bates had failed to disclose a heart condition and had listed the wrong weight on her application, the company canceled her policy."
Cancer Patient Awarded Millions
Numbers is hard.
Retired in 2005 at age 58, no pension