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This is the most wrongest way for this to go. Next they are going to be telling us which drugs to take, like Medicare part D tries to do now.
This seems like an attempt to set the insurance rates based on our illness (much they like to do for smokers, overweight people and others with chronic illnesses( Not much trust in the insurance community or the financial community either, for that matter.
I LOL'd when I started reading this. I've worked in consumer lending since before I was poz, at several big banks. NONE of them rely solely on the FICO score because it uses on such arbitrary, manipulatable data. Yeah, some people with high scores are "creditworthy". Others just know how to game the system. Some actually pimp their scores with the explicit intention of strategically defaulting at key times. I can't laugh enough that this joke of a score is being introduced into health.
What has a FICO score to do with one's healthcare? Really, what has a FICO score to do with anything? It's a cryptic measure of PAST behavior. As the current national and international financial morass has shown, no one is above having a lower FICO score due to job loss, chronic unemployment, low paying jobs, etc. It's not a measure of character or financial responsibility that most want to assume. As it is, it will be used as an exclusionary tool yet again.
I am still baffled in this aproach by FICO, first of all I don't think they thought of the concept for I think the insurance companies aproached them to make this very mis lead qusai- science for a reason. First of all taking life saving meds is driffent than credit score for one is about bussiness and the other is about ingesting life savings drugs, if one believes all the scienxw behind HIV treatment. Is the data transfer just to help the consumer stay healthie in a good will health program.
I continue to be very skeptical of the pharmaceutical and insurance companies.They have really got us right where they want us.I hate to be the kind of person that is a "denialist" but sometimes the writing is on the wall. Even though my credit is poor (thanks to hospital bills and jobs that don't always pan out)I have always been taken meds on time for many years. I'm temporarily without meds to lack of insurance.Waiting for ADAP.Using my FICO score for health related anything is suspicious.
This has got to be one of the dumbest thing yet. Mark my words it is just the beginging for insurance companys to raise rates. This has nothing to do with nothing. Odds are if you have a low credit score it could be due to the fact that you got sick and could not work anymore and since you can not work you can not pay your bills. There is more to this then meets the eye. Its called the CEO of insurance companys getting richer.
sexnowinkc
Will consumers have access to those scores and will they have an opportunity to contest the scoring. Just because you're rich doesn't mean you will adhere. Just because your poor doesn't mena you won't. The basis for the score seems completely off track.
July 19, 2011 • Kansas City, MO