All categories

3 years ago

What is fraud and how does it impact health care costs?

1 answer:

7 0

The National Health Care Anti-Fraud Association (NHCAA) estimates that the financial losses due to health care fraud are in the tens of billions of dollars each year.

Whether you have employer-sponsored health insurance or you purchase your own insurance policy, health care fraud inevitably translates into higher premiums and out-of-pocket expenses for consumers, as well as reduced benefits or coverage. For employers-private and government alike-health care fraud increases the cost of providing insurance benefits to employees and, in turn, increases the overall cost of doing business. For many Americans, the increased expense resulting from fraud could mean the difference between making health insurance a reality or not.

However, financial losses caused by health care fraud are only part of the story. Health care fraud has a human face too. Individual victims of health care fraud are sadly easy to find. These are people who are exploited and subjected to unnecessary or unsafe medical procedures. Or whose medical records are compromised or whose legitimate insurance information is used to submit falsified claims.

<span>Don't be fooled into thinking that health care fraud is a victimless crime. There is no doubt that health care fraud can have devastating effects.</span>

You might be interested in

"a branding strategy in which a firm uses a different brand for each of its products is called ____ branding."

Aleksandr-060686 [28]

<span>A branding strategy in which a firm uses a different brand for each of its products is called individual branding. With the use of this strategy, products from the same company are given a unique identity and name. This is especially useful when companies offer a wide range of products that cater different price markets. </span>

8 0

3 years ago

The general investment strategy based on a goal of acquiring existing, seasoned, relatively low-risk properties that are at leas

marusya05 [52]

The general investment strategy based on a goal of acquiring existing, seasoned, relatively low-risk properties that are at least 80 percent leased to tenants with low credit risk, is Core strategy.

<h3 /><h3>What is a Core strategy?</h3>

The organization's strategy, goals, objectives, strategic initiatives, and execution are all connected through Core Strategy, an agile strategic management solution.

Visioning, goal-setting, resource allotment, and prioritization are the four most commonly acknowledged fundamentals of business strategy.

It communicates to your team if your focus has been on performance or results and makes it clear to potential consumers what market segment you service and what distinguishes your company strategy from the competition.

Investigate various products or services, look into demographics, and investigate your rivals.

Setting goals, assessing the external and internal environments of the firm, reviewing strategies, and ensuring that management implements the strategies across the organization are all part of strategic management.

Learn more about Core strategy, here

brainly.com/question/29360770

#SPJ1

3 0

1 year ago

As a member of UA Corporation's financial staff, you must estimate the Year 1 cash flow for a proposed project with the followin

diamong [38]

Answer:

$15,850

Explanation:

Particulars Amount

Sales revenues, each year $40,000

Less : Depreciation $10,000

Less : Other operating costs <u>$17,000</u>

EBIT $13,000

Less : Interest expense <u>$4,000</u>

EBT/PBT $9,000

Less: Tax at 35% <u>$3,150 </u> ($9,000*35%)

PAT $5,850

Add: Depreciation <u>$10,000</u>

Cash flow after taxes <u>$15,850</u>

8 0

3 years ago

If the consumption function is C = 100 + 0.75Y and planned investment spending is 500, what will be the equilibrium level of

snow_lady [41]

Answer:

The equilibrium level of output will be Y=2200

Explanation:

Comnsider the following formulas to solve the exercise.

1. Using the Expenditure approach to GDP,

Y=C+I+G

Y=200 + 0.75(Y-200)+200+300

Y=700+0.75Y-150

0.25Y=550

The equilibrium level of output will be Y=2200

7 0

3 years ago

A high-interest savings account pays 5. 5% interest compounded annually. If $300 is deposited initially and again at the first o

Arte-miy333 [17]

For the given question, the summation that represents the money in account is:

$\begin{aligned}\sum_{10}^{n=1}316.5(1.055)^{n-1} \end{aligned}$

The principal amount if compounded annually, the formula that represents the amount to be received after n years is:

$\rm A = P(1 + \dfrac{r}{100})^t$ where A is the amount received after compounding, P is the principal, r is the rate of interest and t is the tenure.