Tuesday, April 04, 2006

Insurance Pigs

I read on CNN today where an insurance company is finally getting what it deserves. Upon trying to rip off a woman who they thought was a dying AIDS victim, Life Partners ended up eating its own shoe. Fifteen years later, this woman is living a healthy life and has had no AIDS-related complications since she was diagnosed. When she was diagnosed with HIV in the 1990s, she thought she had been handed a death sentence (as did many HIV/AIDS victims in the '90s). Life Partners agreed to buy her $150,000 life insurance policy for $90,000 and pay her combined health and life insurance premiums if she survived two years. When she died, Life Partners would collect the full value of the policy. Depending on when she died, Life Partners could've collected a profit of more than 60%. However, advances in medicine have significantly delayed the progression to AIDS from HIV. This patient has survived complication-free for 15 years. In short, Life Partners is losing money on this patient. Not surprisingly, the insurance company wants out of the deal. Perhaps they should've thought about this situation before trying to make a profit out of a patient's disease/death/desperation. As I have said many, many times before - there's a special place in Hell for insurance companies. Could it be Divine Intervention?

3 Comments:

Blogger ROMA said...

O' where, O'where has my ohshit gone. O'where, O' where can she be?

2:25 AM  
Blogger ahsirt said...

Roma, fear not - I've been in prison. LOL. :) See the above post for more information. HA!

11:41 PM  
Blogger aC. said...

....very strong opinions...remind me never to get close to with an sharp objects in your hand...

5:30 PM  

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