Question

Why is healthcare fraud is a big problem in the U.S. economy?

Answer 1

Whether you have a firm-sponsored health insurance / you procure your own insurance policy, health care fraud unavoidably translates into greater premiums & out-of-pocket expenditures for clients, and lessened benefits / coverage. For firms-private & government -health care fraud raises the cost of giving insurance benefits to workers and, in turn, raises the overall cost of carrying out business. For several Americans, the augmented cost resulting from fraud could imply the difference between making health insurance an actuality or not.

But, financial losses due to health care fraud are only a part of the tale . Health care fraud has a human aspect also. Individual sufferers of health care fraud are sadly simple to find. These are persons who are subjected to unwarranted / unsafe medical procedures. Or whose medical documentations are compromised or whose legitimate insurance info is utilized to submit falsified claims.