April 4, 2006

Contract, we don't need no stinking contract!

CNN.com - Patient's survival bad for business - Apr 4, 2006

A company whose whole bussiness model was buying life insurance from aids victims in exchange for paying life and health insureance premiums has tried to back out now that aids drugs allow much longer life spans.

A woman who contracted aids in the early 90s but had no living family to collect her life insurance bought into the program. The company was expect a quick turn around and a sizeable profit. Now that their contractually protected investment has cost them money they are trying to break the contract.

Posted by pqbon at April 4, 2006 4:06 PM