(Reuters) – U.S. health insurers are avoiding the controversial but rare practice of canceling coverage when a customer gets sick, but it is unclear how regulators will enforce the ban, which could affect thousands of policyholders.
Sweeping healthcare reforms passed in March give companies such as WellPoint Inc (WLP.N) and UnitedHealth Group Inc (UNH.N) until September to implement several big changes, including an end to terminating policies, known as rescission.
Under intense pressure from Democrats following revelations about the practice, however, health insurance companies agreed this week to start abiding by the new law voluntarily for the next four months. Read more…
