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Somarco mentioned this in another thread and I feel it deserves it's own. This is an amazing tool (for underwriters) and I just found out about it last week. I had an applicant declined for "reasons not disclosed in the application." Upon speaking with him he started rattling off rx's he had taken in the past that the underwriter had asked him about.
How do they gather the information? Who reports to them? Can you get a copy of your file like with the MIB (I have been emailing their website to try and figure this out and will post anything I find)?
On one hand this seems like a great way to identify and control risk, but I can see it being a night mare in underwriting especially when you have doctors who are more eager to write a prescription than to find a cure. Thus stamping their patients with a scarlet letter.
The only company I have run into this with here is Carolina Care Plan (a Medical Mutual of Ohio Company.)
How do they gather the information? Who reports to them? Can you get a copy of your file like with the MIB (I have been emailing their website to try and figure this out and will post anything I find)?
On one hand this seems like a great way to identify and control risk, but I can see it being a night mare in underwriting especially when you have doctors who are more eager to write a prescription than to find a cure. Thus stamping their patients with a scarlet letter.
The only company I have run into this with here is Carolina Care Plan (a Medical Mutual of Ohio Company.)
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