May 30
A new report has found that individual executives in health care are now being targeted in fraud cases that used to be reserved for corporations as a whole. The report, released by , revealed that federal enforcers are making it their business to blame the execs at the top of corporation chain for fraud issues related to Medicaid and Medicare.
Execs in Many Areas of Health Targeted
According to the report, the new tactic by the fed is to target the people in charge of running health-related companies when they detect fraud in relation to health insurance or health care.
This means the corporate execs in charge at drug companies, major health care enterprises, medical device manufacturers and even nursing home chains could be targeted if they are suspected of fraud.
This approach is a sharp contrast to previous fraud investigations where if a company was caught in a fraudulent act, lawyers would be able to negotiate a financial settlement, allowing the company to write a check to the government and promise never to break the rules again.
While this approach would let the company off the hook, the costs associated with the settlement would often be passed down to customers.
To avoid this issue, federal enforcers are now looking to have the companies pay fines are pushing to have senior execs face criminal charges.
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Tags: Fraud
May 30
In the year 2009, the average auto insurance rates in North Carolina were $598, an amount that was an increase of 1.4% from the rates of the previous year, 2008. Among 46 states in the US that were suffering from sky high auto insurance rates, North Carolina was one of them. The speed limit in cities and highways, the blood-alcohol percentage limit, handheld cell phones, cell phones used while driving are some factors that affect the cost of the auto insurance policies in North Carolina. If you’re someone who is looking for cheap auto insurance North Carolina, you must be aware of the ways in which you can reduce the costs and make your premiums affordable according to your budget. Have a look at some such ways to be adopted in North Carolina.
Getting your auto insurance policy at the right age matters as the lenders will consider your age before lending you with an auto insurance policy. I
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Tags: Auto Insurance, Carolina, North Carolina
May 25
You don’t want to empty your pockets in case of some mishap involving your motorcycle, do you? So get the best motorcycle insurance policy out there which covers all your needs at the best possible price. Now, what are the factors that an insurance provider looks for while computing a favorable premium rate?
If you can show records of having attended a motorcycle safety class, it gives the impression of a well informed and careful rider who deserves a fair rate.
The insurer will definitely be impressed by a spotless driving record on your license.
Timely payment of premiums and absence of any claims made will inspire the insurer to lower rates of premium after a period of six months.
Make sure you keep your vehicle in a secured and covered place like a garage which can fetch you impressive rates. S Read more…
Tags: Motorcycle Insurance Policy
May 24
Dave Jones, California’s Insurance Commissioner, has stepped up his effort to investigate top life insurance companies. The top 10 companies in the industry, the commissioner says, have been accused of not properly paying death benefits to family members after policyholders have died, which is illegal.
Companies Accused of Not Paying Benefits
Similar to an investigation against John Hancock Life Insurance Co., Jones wants to take a look at the top 10 life insurance companies under the accusation that these companies are not ensuring the beneficiaries of deceased policyholders get paid.
The fact that these companies allegedly have not been contacting beneficiaries for payout is heightened by the fact that the companies are said to make an active effort to find deceased annuity customers so that they can stop making annuity payments.
In addition to John Hancock, the states facing investigations are MetLife, Prudential, Nationwide, New York Life, Lincoln National, Sun Life Financial, The Hartford, Pacific Life and Aegon Group.
Jones intends to push for so-called market conduct examinations in 35 states, which will probe violations of the law by these companies. If i
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Tags: Insurance, Life Insurance
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