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Published: 09/14/09

Gaming the System -- How Insurance Companies Cover Their Bets

By  Bonnie Goldstein - Politics Daily
Gaming the System -- How Insurance Companies Cover Their Bets

Health insurers are running a great big complicated business in which the well-being of their customers is only incidentally at issue. Just for starters, insurance policies are unreadable. Designed by actuaries and written by lawyers, the documentation explaining how 85% of Americans are supposedly "indemnified" for medical expenses is neither comprehensible nor particularly legible.Perhaps insurance companies' healthy customers are untroubled by the low transparency score of their policies because they rarely submit claims. Maybe the many insured persons who do need medical attention ...

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