A Fraud Committed Upon the American People: Fake Health Insurance Plans

The Strategic Repository

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By: George Northrop, MD www.tsr-associates.com

The total amount spent on healthcare in 2016 is projected to be well in excess of 3 trillion dollars. Of this, up to 270 billion dollars will be diverted away from American pockets by health care fraud. These swindles will cost each United States resident over $800 this year alone. To put this in perspective, this amounts to approximately $70 per month. In effect, each of us pays the equivalent of a high-end mobile phone bill to health care fraudsters every month. And the problem is only getting worse.

Of all of the current forms of fraud, one stands alone by virtue of its sinister nature: Fake Health Insurance Plans. Crooked plans promising top tier service and benefits often deliver nothing at all once policyholders attempt to avail themselves of their benefits. Victims face bankruptcy and homelessness due to such blatant scams. The ultimate extent…

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