Saturday, May 5, 2012

Obama care

There is a good possibility that Obama care will be found unconstitutional by the Supreme Court this summer. If that happens there is one part of Obama care that should be retained and that has to do with “rescission” which refers to cancelation of contracts. Insurers have the right to rescind an insurance policy due to concealment, material misrepresentation, or material breach of warranty. This is standard for most contracts and if followed would prevent unfair interpretation however some companies have misused this provision and looked for mistakes in the application caused by something that the applicant forgot. There is a part of Obama care that would prevent the insurance company from doing this and that is a welcome improvement.

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