No, they didn't fly to Washington on private jets, and ask for money from congress, but the three top insurance company leaders did testify before congress about rescission. Rather than being in tune with the tone of the country, economy, and congress as pertains to health reform, and possibly eliminating the practice, they basically thumbed their noses at the public, and said NO.
What sheer audacity, matched only by it's sheer stupidity. This is not smart practice to begin with, and in this particular climate, it's akin to committing political suicide.
An investigation by the House Subcommittee on Oversight and Investigations showed that health insurers WellPoint Inc., UnitedHealth Group and Assurant Inc. canceled the coverage of more than 20,000 people, allowing the companies to avoid paying more than $300 million in medical claims over a five-year period.
It also found that policyholders with breast cancer, lymphoma and more than 1,000 other conditions were targeted for rescission and that employees were praised in performance reviews for terminating the policies of customers with expensive illnesses.