Senior healt-hcare fraud under investigation
Nicole F. Stowell,
Carl Pacini,
Martina K. Schmidt and
Nathan Wadlinger
Journal of Financial Crime, 2020, vol. 30, issue 6, 1808-1837
Abstract:
Purpose - This study aims to increase awareness and educate the reader about health-care fraud targeting seniors in the USA to help stakeholders better understand, recognize and prevent this type of fraud. Design/methodology/approach - This paper collects statistics on the current state of health care frauds committed against seniors, and examines related cases and laws. Findings - The authors find this type of fraud is highly prevalent and expected to increase. Current laws preventing this fraud from occurring are multifold and complex. While prevention strategies through law enforcement have been somewhat successful, a reduction in resources may put seniors at an increased risk in the years to come. Research limitations/implications - Without additional prevention strategies, the problem will likely escalate with a growing population of older adults. This study encourages further research into effective prevention strategies and methods to fight health-care fraud against seniors. Practical implications - Health-care fraud and its associated costs pose a significant threat to the society and economy of the USA. Reducing this fraud will not only reduce the costs to the US economy but also improve the physical and mental well-being of senior victims, reduce their mortality and hospitalization rates and improve the public trust placed to health-care providers. Originality/value - This study highlights how health-care fraud is committed against seniors. With the projected trend of an aging US population, educating stakeholders, increasing awareness and applying tools to protect seniors will be important to reduce the absolute scope of this problem in the future.
Keywords: Health-care fraud; Senior fraud; False Claims Act; Anti-Kickback statute; Health Insurance Portability and Accountability Act (HIPPA); Stark Law; Opioid Crisis (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:eme:jfcpps:jfc-04-2020-0071
DOI: 10.1108/JFC-04-2020-0071
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