Health Insurance Industry "Racing to Defuse a Growing Furor Over Retroactive Policy Cancellations"

Wednesday, February 27, 2008
That was the lead line in a Wall Street Journal story on the recent health insurance policy rescission controversy. The controversy is over a health insurance company's right to cancel a health insurance policy when the insured made a misstatement on the original application.Some insurers have held they can cancel a policy even when the misstatement was not material. For example, forgetting a