If you are too lazy to read the whole article, here is a quick rundown:
-insurance firm wants to up rates 39%
-a hospitalized math GENIUS goes, "wtf mate?" and works while he is sick in his hospital bed
-Genius man finds a weird error and reports it to the insurance firm
-insurance firm canceled the original 39% price hike and is now increasing rates by an average of 14%
Win: genius
Fail: insurance quality assurance
But seriously... wtcrap. A small firm out does a multi-billion-dollar company and does better error checking than the company that knows its own system best... and this error isn't about pennies and nickels... it's about TENS OF MILLIONS OF DOLLARS. that is HUGE! And especially in this new era of the Obama healthcare reform (or better known as insurance reform), missed errors like this adds up and becomes a ridiculous burden on the consumers and government.
Assessment:
1. Insurance companies suck.
2. WTF? were the insurance companies doing their job?
3. "Yes, let's just cut corners on these numbers, we won't pay for it anyways"
Plan:
1. Investigate all insurance company's book keeping
2. Maintain better control of for-profit insurance firms (I guess that's what ObamaCare is for)
3. Possibly to decrease healthcare cost and insurance overall, limit litigation awards on the MD side to decrease defensive medicine... but that's a whole different story....
4. Maybe just socalize healthcare completely... that will solve everything...