The dire side effects of capitalism - finance


The dire side effects of capitalism - finance

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Murdoch Rags Ltd
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The Federal Opposition has said the Government must consider a royal commission into what it has labelled the "disgraceful" practices of the Commonwealth Bank's insurance arm, CommInsure.

Last night a joint Four Corners-Fairfax investigation aired the stories of sick and dying CommInsure policy holders, including Evan Pashalis, 37.

Mr Pashalis, who was diagnosed with leukaemia and given 12 months to live, is one of 4 million CommInsure policy holders.

His super fund CARE subcontracted his life insurance policy to CommInsure, which repeatedly rejected his payout claim.

"They figured, well, there might be a slight chance he survives, so why pay him?" Mr Pashalis said.

After the reporters behind the story contacted the bank —a week before it aired — he was offered a settlement.....

....The program also aired claims from CommInsure's former chief medical officer — who only wanted to be referred to as Dr Koh — that it pressured doctors to rewrite medical opinions so the company could avoid payouts to sick and dying people.


"They were quite blatant about it, 'Can you please change it or delete it so that we can go to someone else to provide another opinion that's more favourable?'," he said.

Dr Koh was sacked in 2015 after being accused of sending internal documents to his personal email, which he said he did because files were going missing....
http://www.abc.net.au/news/2016-03-08/comminsure-scandal-cause-for-royal-commission-labor-says/7228136

scotty21
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Wouldn't you be happier in North Korea?


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scotty21 wrote:
Wouldn't you be happier in North Korea?


We would all be happier if this fuchead was in North Korea. Fuck off and find a politics website dickhead.
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Quote:
CommInsure: Who's who in the Commonwealth Bank's life insurance scandal?

CommInsure, one of Australia's biggest life insurers with about 4 million policy holders, has been caught out using unscrupulous practices buried in the fine print of their contracts to deny, delay or avoid paying claims.

Meet some of the key players and victims of the scandal engulfing one of Australia's big four banks.

http://www.abc.net.au/news/2016-03-07/comminsure-scandal-whos-who-four-corners/7226576

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