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What happened? she accidentally paid $328.67 when she actually should have paid $328.69. she hit the wrong button and underpaid by 2 cents. the insurance company jumped all over it and canceled their plan. why? because they care about the 2 cents? no, because they found a wonderful way to avoid the costly treatment. did that mean flanagan might die if he didn t get the coverage? well, i hate to say this but unfortunately yes, that s what it means. but from their perspective, who cares. they re about top save a buck. this is the critical part. their only goal is to make a profit. and where do all those profits go? quell, a lot of it goes to their executives. for example, the current ceo of united health group made $102 million in 2009. his predecessor, william mcguire ....
One of the reasons often cited to support health care reform in this country is the outrageous behavior of some insurance companies. when a cancer patient inadvertently shortened his premium payment by two cents, his insurance company dropped him. the company thought better of that decision after our denver affiliate, kngh, aired the patient s story. here s russell heythorn. reporter: ron and frances flanagan share a moment of sheer relief. our prayers were answered. reporter: ron s health insurance was reinstated after he was cut off for being two cents short. on his november payment. relieved to have insurance again. retroactive to december 31st. reporter: their insurance benefits provider dropped them when frances paid their last bill online. she hit a 7 instead of a 9, leaving their $328.69 payment 2 cents short. ....
Choices. and what you re going to see is fewer and fewer insurance companies in the private sector. and as the president is on record saying, the whole idea of this is to move us towards a single-payer government system like they have in europe. so there s no question that anyone who understands health insurance and how it works, that this will destroy the private sector health insurance system, and we will have a government system within a few years. senator demint has 38 co-sponsors for his repeal effort. republicans in the house have already passed their own repeal bill. so in this economy, how much will two cents get you? turns out a pair of pennies can get you kicked off your health insurance plan. listen to this. a vietnam vet and his wife from colorado, ron and francis flanagan, were supposed to spay $328.69 for their monthly insurance premium. well, francis made a tiny mistake one month. she paid $328.67. ....