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Ya it’s messed up they can just deny you coverage when your really sick and need it
The question may better be, “are they denying coverage that is contracted for?” If they are contracted for it and do not deliver the stated services, there is a big problem, perhaps fraud.
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In economic theory, the efficiency of markets usually relies on the ability to write complete contingent contracts.
Due to the complexity of health care, it's not actually possible to do that in real life. The contracts we write are incomplete, and unclear on certain issues. This gives rise to the issues of asymmetric information, as well as ex-post denial of coverage and unanticipated situations.
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The health insurance companies can only do this due to their closeness to the state. Asymmetric information and fraud are bases for voiding contracts. Perhaps the people that are pissed off will realize it was probably the underwriters and not the C-level people that are responsible for the final decisions on coverage. It won’t be pretty.
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