Anthem's 4% margins are well below the S&P 500 average of 11%. If Anthem was simply stealing surely their margins would be a little higher? And who are the idiots buying Anthem insurance? I mean, if it was just stealing, everyone would take their money somewhere else, no?
Of course the truth is not simple, but rather complex. Most any company has a "Controversies" section on their wikipedia page. Toyota once shipped a car with bad brakes. What does it mean? Are all companies simply stealing?
Yes, insurance companies are incentivized to decline coverage, so that they can lower premiums (to compete) and increase margins. But they are also incentivized to payout because if they don't, people stop buying insurance.
> Falling on "it was an act of war" when no government has declared such a war is nothing more than creative accounting. (this is also Anthem)
Quite certain that is not how the courts will interpret the term "act of war." In international law, for example, there is certainly no precedent that a government declaration of war is required for an act to be considered an act of war. Any aggressive act can potentially be considered an act of war.
If Russia decided to blow up a bunch of US freighters, sans-declaration of war, fairly certain the act could pass as an act of war.
What is it if it's not stealing when you take people's money in exchange for a service but illegally close their account and keep the money they paid instead of providing the service?
In May 2014, Anthem Blue Cross refused to pay for the
hospitalization of a Sonoma County, California man for
stage four cancers, although he had paid Anthem over
$100,000.00 in premiums.[61][62] Anthem ended up paying
for coverage following public outcry.[63].1. Anthem Insurance stole from policy holders. 2. Ergo, Zurich Insurance stole from Mondelez.
If you are going to make a claim that all insurers are systematically stealing from their customers, I think you are a long way off. So Toyota sometimes ships cars with bad breaks. Ergo all car companies are trying to kill drivers?
specifically covered “all risks of physical loss or
damage” and “all risk of physical loss or damage to
electronic data, programs or software” due to “the
malicious introduction of a machine code or instruction.”
https://en.wikipedia.org/wiki/Anthem_(company)#Controversies
Falling on "it was an act of war" when no government has declared such a war is nothing more than creative accounting. (this is also Anthem) https://www.quora.com/How-many-people-die-in-the-US-each-yea...https://www.nytimes.com/2007/03/26/business/26care.html
https://www.thedailybeast.com/my-insurance-company-killed-me...