2 ms·
Do you have stats on how customers were "regularly" screwed by it? My understanding is that "rescission" was extremely rare.
by twoodfin 13y ago
Do you have stats on how customers were "regularly" screwed by it? My understanding is that "rescission" was extremely rare.
- tunesmith 13y agoRare doesn't mean acceptable. It happened more than a small handful of times and was deeply unfair, particularly since it tended to happen to people that were deeply in need of coverage at the time - which by itself is a rare event when compared to how many people are living healthy day-to-day lives. Besides, while rescission was rare, annual maximums and lifetime maximums were not. Bumping up against those maximums (now illegal) was rare, but see above - they happened at the worst times, oftentimes to people who weren't expecting it.