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Friday, July 6, 2007

How Medical Insurance Fraud Hurts YOU

Insurance fraud or false insurance claims are claims filed with medical insurance providers or programs with intent to defraud. These are generally false claims where nothing actually was wrong with the patient, or the medical costs have been increased and medical treatments were billed but not actually performed.

Report showed that in the United States, insurance fraud is estimated to cost US$875 per person per year. The Coalition Against Insurance Fraud estimated the loss to be $80 billion per year and Medicare estimated fraud in its system that costs the government $179 billion per year.

As you can see, medical insurance fraud accounts for millions and billions of government money.

Actually, medical insurance fraud distresses you, or the average person, in at least two ways. First, due to the costs of loss funds because of fraud, as well as investigations on the matter are paid through our taxes. The government needs to re-align or increase taxes in order to pay benefits and continue to support those who are eligible for medical insurance benefits. Another thing is, due to medical insurance fraud, you are being deprived of vital health support through proper medical treatments.

Fraud artists might bill you for treatments you should have received but were not given to you to save or earn them extra insurance money.

If you have been defrauded, you can hire medical malpractice lawyers like the lawyers of the Mesriani Law Group in California who are adept in pursuing medical malpractice and negligence cases.

On the other hand, if you know of any insurance frauds that are being committed against the government do your part and report them now.