New
$195m Fine For Sham Insurance Peddler
The Federal Trade Commission obtained a $195m judgment against Simple Health, which sold insurance plans that for most customers would never pay out. The sham insurance scheme ran for years and "misled people into thinking they were buying comprehensive health insurance that would cover pre-existing medical consitions, prescription drugs" and inpatient and emergency hospital care, but did not. — Read the rest
The post $195m fine for sham insurance peddler appeared first on Boing Boing.
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