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Insurance Fraud

What’s it to me?

Well, what is it to us?

Greg Cusimano: It affects every aspect of our lives. Well, another example, a quick example was an insurance company that was selling medical benefits to the elderly and they were collecting money on their policies. The only problem was that every exclusion in their policy tracked what Medicaid paid. So basically, they were selling you a policy you could never collect, because they only sold it to people who had Medicaid. Their exclusions tracked it. So, they’re stealing money.

Who pays for all this? I mean this is big bucks.