When a federal grand jury in Dallas indicted a father and son in a $16 million health insurance fraud scheme earlier this year, the charges represented a mere speck in an estimated $750 billion in healthcare fraud, waste and abuse in the United States.
Put into perspective, roughly 30 percent of healthcare spending was squandered on “unnecessary services, excessive administrative costs, fraud, and other problems,” according to an important Institute of Medicine report.
In considering the estimated…
Houston Biz Journal
Watching out for health care waste, fraud and abuse