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CNBC article and video
- Thread starter Actinomycin
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There's been insurance fraud for as long as there's been insurance, regardless of the type. Back in the 1980s, I read somewhere that auto insurance fraud alone cost every American $200 a year. Not every driver, every AMERICAN. 😱 I totally believe it, and you know the amount would be much, much higher now.
It's believed that as many as 10% of Medicare claims are fraudulent, which amounts to about $50 billion a year. I believe that this would cover a huge percentage of the bills for un(der)insured Americans.
Recently, when I was perusing my state's disciplinary reports, I read about a man who lost his license, and went to prison, for Medicaid fraud. It appeared that he opened his business for the sole purpose of doing this!
It's believed that as many as 10% of Medicare claims are fraudulent, which amounts to about $50 billion a year. I believe that this would cover a huge percentage of the bills for un(der)insured Americans.
Recently, when I was perusing my state's disciplinary reports, I read about a man who lost his license, and went to prison, for Medicaid fraud. It appeared that he opened his business for the sole purpose of doing this!
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