Cross-posted from The Economic Populist
A big tip'o the hat to okanogen at CorrenteWire for picking up this one: Death by Math.
Taunter analyzes the statement by Assurant CEO Don Hamm’s that "Rescission is rare." Rescission is when a health insurer cancels a policy, usually because the insured "lied" on the original application, usually by failing to disclose a previous condition. If you haven't heard the horror stories of people who required costly medical care only to be dropped by their health insurer, you haven't been paying attention to the world around you. In fact, the insurers have computer programs that screen their policy holders for a list of diseases and illnesses in order to drop those policy holders. Here is what Hamm told Congress in his prepared remarks to the Hearing of the Oversight and Investigations Subcommittee of the House Energy and Commerce Committee on June 16 this year:,P.