Most small business owners may not even be aware of “purging,” but far too many may have been hit by the practice. Purging is where an insurance company jacks up rates, usually but not always after an employee becomes seriously ill, with the sole purpose of forcing the company to drop coverage.

In essence, the business is “purged” from the insurance company's rolls to cut costs and boost profits. It's unknown at the moment how widespread the practice is.





Comments


Written by RJohnson4444
3712 days ago

And the whole government/private health care debate continues to grow more complicated. And yes, I would definitely call this a silent problem that has just now been exposed, but maybe known my a few.



Written by ShawnHessinger
3717 days ago

A consumer-based response to this from the small business community would be great. Suggestions?



Written by JohnH
3717 days ago

I've always assumed everyone knew about this, but maybe not.



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Share your small business tips with the community!
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