Valleywag
Paying bills is for the little people. Not Alex Vieux, publisher of the Red Herring, who has left a trail of stiffed vendors behind him — hotels, software makers, and consultants. The latest to go unpaid: Red Herring's dental and vision insurance plan. A former employee still getting benefits through COBRA tells us that on a visit to his eye doctor, he was told he no longer had coverage. A plan administrator told the ex-Herring that even though his COBRA bills had been paid on time, Red Herring hadn't paid the insurers — so forget seeing dentists or optometrists. For now, Red Herring's current and former employees still have regular medical coverage, but that's it. Oh, and what's this we hear about unpaid taxes? A sick business indeed.
Work for the Red Herring? Hope you don't get a toothache
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9:21 PM on Thu Mar 13 2008
By Owen Thomas
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5 comments
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Wait, didn't Red Herring tank already once? Ya know, if you survive to fail multiple times, it starts to become a peculiar species of success.
Insurance is for things that you can't afford to cover. Dental expenses are in the same price range as car expenses. Given the choice, I'd gladly pick up the tab for my dental and stop paying for dental for coworkers' kids.
@sample032: You're entirely missing the point. Our source was paying his COBRA bill, but not getting the promised services. Wherever the money was going, it wasn't making it to the insurers. Doesn't that seem troubling?
@Owen Thomas: Those things are expected from companies on death watch, but I admit my stock line about insurance was a tad off-topic.
@Owen Thomas: I'm not 100% sure, but I think it's felonious, actually.
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