The Health Net Cycling Team is primarily sponsored by the giant "for-profit" insurance company Health Net (Duh) Inc. One of the largest insurance companies in California. The Company grossed over $2 Billion last year alone. But, as it seems that the company is a shitty provider for those it insures who develop illness.
Patsy Bates, who was a a 52 yr old Hairdersser in 2004 when she found out she had breast cancer in 2004. she thought she had reliable health insurance but she was wrong. Health Net, dropped her coverage while she was in the middle of breast cancer chemotherapy, leaving Bates with $129,000 dollars in unpaid medical bills and no choice but to abandon her lifesaving treatment.Angry and sick, Bates sued her insurer. And now, four years later, she has won a significant victory.
Not only did she receive a $9 million punitive damages settlement against Health Net Inc., one of the largest for-profit insurers in California, but the company also announced Friday that it had stopped the controversial practice of canceling sick policyholders' policies.
In the ruling, the outraged judge wrote: "She had valid health insurance … when the rug was pulled from underneath, and that occurred at a time when she is diagnosed with breast cancer, one of the leading causes of death for women."
Read the whole artice by clicking the title.
Anyway, I hope that they don't bail as a sponsor for cycling becuase the cost of aluminum spikes, or that they have to pay an import tax now that Cannondale is Canadian! Or worse, the Spandex market jumps and uniform costs go up!
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