Fight against healthcare fraud nets all-time record

Fight against healthcare fraud nets all-time record

A government effort to combat healthcare fraud recovered a record $4.2 billion in taxpayer funds during fiscal year 2012. This is the highest three-year average return on investment in the 16-year history of the Health Care Fraud and Abuse Control program. Run by the by the Justice Department and the Department of Health and Human Services, the program recovered $14.9 billion over the past four years, an increase from $6.7 billion over the previous four-year…

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Missing jewelry leads rise in suspicous insurance claims

Missing jewelry leads rise in suspicous insurance claims

The potential for insurance fraud exists with any kind of property, particularly with expensive items like jewelry and cars. Insurance companies saw a dramatic increase in questionable claims over the past few years, according to the National Insurance Crime Bureau. From 2010 to 2012, there was a 26.7 percent increase in questionable claims referred to the NICB, from 91,797 in 2010 to 116,268 in 2012—a new record. In 2011, the total was 100,450. Questionable claims…

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