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Brought to you by
NY-Alliance-Against-Fraud-Insurance  
Health Insurance Fraud Center
 
 
The Impact of Insurance Fraud
Nearly $80 billion in fraudulent claims are made annually
in the U.S., the
Coalition Against Insurance Fraud
estimates. This figure includes all lines of insurance.
It’s also a conservative figure because much insurance
fraud goes undetected and unreported.
Fraud Contributes to higher costs in the following areas:
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Higher Insurance Premiums  •  Rising Costs of Goods and Services
Jeopardize Health, Lives and Property  •  Lost Personal Income, Savings  •  Ruined Credit
Lost Job  •  Diverts Government Resources  •  Personal Costs  •  Diverts From Essential Services
False Medical Claims
Health care scams cost Americans billions of dollars
each year. Taxpayer-funded programs such as Medicare,
Medicaid and others are among the biggest victims.
This makes health-care fraud one of America’s largest
taxpayer rip-offs.
The Scams:
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Phantom Treatments  •  Double Billing  •  Shoddy Care  •  Unneeded Care
Bogus Insurers  •  Identity Theft  •  Rolling Labs
Fake Health Plans
Fake and deceptive health plans are spreading rapidly.
They’re operating in most states, and exploiting a perfect
storm of vulnerability: Millions of Americans without
health insurance…mounting job layoffs…and rising
heath premiums.
The Scams:
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Fake Coverage  •  Stripped-down Coverage  •  Medical Discount Cards
Long-Term Care Insurance Scams
Long-term care insurance can help make extended
medical help affordable for many Americans, especially
disabled seniors. It covers benefits not typically protected
by Medicare and private health coverage. Some of these
benefits include nursing home care, hospice, adult
daycare and in-home medical equipment.
The Scams:
CLICK HERE TO LEARN MOR
Selling Unsuitable Policies  •  Churning Policies  •  Deceptively Watered Coverage
  CBS Loca   FraudNY Update  
 


               
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