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Fred's CIGNA Scam
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<blockquote data-quote="MrFedEx" data-source="post: 602106" data-attributes="member: 12508"><p>Sigh. <strong>AMOUNT Z</strong>, as you call it,is the payout, which FedEx and CIGNA both would like to see be as low as possible, hence the increase in denials. Common sense tells you that FedEx never wants to spend a dime they don't have to and that it would be more profitable for them to provide CIGNA an incentive to NOT pay your claim or make it such a hassle that you just pay for it out-of-pocket. </p><p> </p><p>FedEx isn't the only company that does this. Most large employers are self-insured for the same reason. Consider how many employees FedEx has, our high premiums, co-pays, etc, and then also consider the reluctance of CIGNA to pay for almost any service you have performed. You must also remember the investment value of the money FedEx receives and what benefits they derive from that additional source of funds. They can invest it, draw interest on it etc.</p></blockquote><p></p>
[QUOTE="MrFedEx, post: 602106, member: 12508"] Sigh. [B]AMOUNT Z[/B], as you call it,is the payout, which FedEx and CIGNA both would like to see be as low as possible, hence the increase in denials. Common sense tells you that FedEx never wants to spend a dime they don't have to and that it would be more profitable for them to provide CIGNA an incentive to NOT pay your claim or make it such a hassle that you just pay for it out-of-pocket. FedEx isn't the only company that does this. Most large employers are self-insured for the same reason. Consider how many employees FedEx has, our high premiums, co-pays, etc, and then also consider the reluctance of CIGNA to pay for almost any service you have performed. You must also remember the investment value of the money FedEx receives and what benefits they derive from that additional source of funds. They can invest it, draw interest on it etc. [/QUOTE]
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