Fallen Soldiers' Families Denied Cash as Insurers Profit

Discussion in 'Healthcare/Insurance/Govt Healthcare' started by Modbert, Jul 28, 2010.

  1. Modbert
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    Modbert Daydream Believer Supporting Member

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    Fallen Soldiers' Families Denied Cash as Insurers Profit - Bloomberg

    So would any good USMBer care to defend these vultures who steal from the families of our dead soldiers? Maybe give a little spiel about how we can trust these companies?
     
  2. Madeline
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    Madeline BANNED

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    Despicable.
     
  3. RetiredGySgt
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    RetiredGySgt Diamond Member

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    Ok I will bite, how is it stealing from the families? Your piece clearly explains the full award is available to the beneficiary. All the Insurers have done is found a novel way to make a profit off a payout.

    Now get back to me when you have some evidence the Insurance is not being paid out.
     
  4. RetiredGySgt
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    RetiredGySgt Diamond Member

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    By the way, if this is stealing, then every bank in the world steals from its members.
     
  5. Madeline
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    Madeline BANNED

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    It certainly does not sound as if the families receive full disclosure, or that the insurers pay anything like a fair interest rate.
     
  6. editec
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    editec Mr. Forgot-it-All

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    So what's new?

    Everybody swoons over soldiers going to war. They are nice shiney heros for all of us to rally around and send off to fight our wars of imperialism

    It's those damned vets who died or worse, need our help, that we can't stand and treat like shit.

    And that is essantially the way it has always been.
     
  7. Madeline
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    Madeline BANNED

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    Mebbe so, editec. But once we had the GI Bill and veterans' preferences. We used to do much more, and if private companies stole from their families, I don't recall hearing about it.

    Canca just imagine the convo at the insurance company? "How can we drive up profits on this product? O, I know...the families of dead soldiers might not be sophisticated about money and they'd be distracted by grief. We can sneak a provision past them....."

    All fraud and theft is begun by first identifying the group you hope to steal from and why they are vulnerable. Mebbe it is just me, but identifying these families as targets because they are grief-stricken after losing American soldiers' lives strikes me as especially depraved.
     
  8. RetiredGySgt
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    RetiredGySgt Diamond Member

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    They are not REQUIRED to pay them any set amount of interest. And in fact they get full disclosure with the award letter, it states what their award is. Now unless you can provide evidence they can not request and receive a lump sum payment, this is nothing more then people accepting what they are offered.

    The OP claims the Insurance Companies are stealing from them. Provide evidence.
     
  9. Quantum Windbag
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    Quantum Windbag Gold Member

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    They are getting interest on a cash payment, how is that not fair? If they do not want Prudential to also profit they can move it to another agency than Prudential.
     

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