United Healthcare is the latest large insurer to join the fight against insurance fraud, which costs the industry more than $80 billion a year, according to the Coalition Against Insurance Fraud.
“Health insurance is the 800 pound gorilla in the insurance fraud living room. The sheer number of insurance dollars lost to health insurance fraud dwarfs all other insurance scams,” said Jim Quiggle, Coalition spokesperson in an interview with Insurance Networking News. “Medicare fraud alone costs the industry $60 billion and that is a conservative estimate.”
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