5 ms·
The problem is you'll never know what were the actual criteria used to deny your claim, it will remain some vague denial reason. Or you will get to know but aft
by athenot 9y ago
The problem is you'll never know what were the actual criteria used to deny your claim, it will remain some vague denial reason. Or you will get to know but after much back-and-forth during which it incumbs to you to pony up with that cash flow.
This opacity is just another form of information asymmetry, benefiting the large asset holders and negatively impacting the individuals.
- fludlight 9y agoThe way to find out will be to (threaten to) sue your insurance company, which is costly in terms of time and money.
- dewski 9y agoI would hate to have to go through the effort to try and sue my insurance company to get this information.
- pavel_lishin 9y ago> which is costly in terms of time and money. Yes; to you. The insurance company just has to figure out if it's cheaper to see you in court, or to pay for your medical claim.
- fludlight 9y agoAlso, many people won't sue even if they have a legitimate claim.