Here’s how this scam works. How this scam works is that private insurance companies send out letters notifying existing customers that their current policy has been canceled, because of the ACA’s new requirements. They then offer customers a new, ACA compliant policy at far higher rates than what the customer would pay if he went through the ACA marketplace. In most cases the insurance companies do not tell their customers what other options are available or even let them know they have a choice under the new law. Some insurance companies have pressed their customers to sign up for the new policies by a certain date, saying if they don’t, their health coverage will be lost. Consumer Reports found her a policy for $165.00. On the program, Barrette tells CBS that she has to hurry and make up her mind by November 1st or she will lose out on her chance to buy in. CBS offered her no explanation of her alternatives, but Consumer Reports examined Barrette’s story shortly after it aired. They easily found her a policy in the Marketplace for $165.00, not the $591 Blue Cross Blue Shield was shamelessly going to charge her. What’s more, Consumer Reports also looked at her old policy, the one she was paying $54 a month for. They determined that it was “junk.” In essence, Barrette had been paying one of these corrupt private insurance companies nearly $650 per year, to have almost no real medical coverage, under her previous Blue Cross Blue Shield policy. Insurance companies are exploiting the people who are looking to them for advice. Talking Points Memo (TPM) recently published an in depth expose’ on how insurance companies like Blue Cross and Blue Shield are scamming people all across the country. While in most states it’s not criminal, it’s a scam nonetheless. By telling consumers that their policies have been canceled under the new law and offering them insurance plans that cost hundreds or even thousands of dollars more than what those consumers would pay in the marketplace, these insurance companies are exploiting the people who are looking to them for advice. High pressure tactics are used to get confused customers to sign up for these overpriced policies, including threatening letters and harassing phone calls.
Posted on: Fri, 08 Nov 2013 18:08:46 +0000
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