BUSINESS
11/08/2009 05:12 am ET Updated May 25, 2011

"Rescission": Health Insurers Defend Withdrawing Coverage Over Pre-Existing Conditions

Rescission -- the technical term for canceling coverage on grounds that the company was misled -- is often considered among the most offensive practices in an insurance industry that already suffers from a distinct lack of popularity among the American public. Tales of cancellations have fueled outrage among regulators, analysts, doctors and, not least, plaintiffs' lawyers, who describe insurers as too eager to shed patients to widen profits.

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