Criminals Acquire Stolen Medicare Identities for Fraudulent Billing
Criminal organizations are reportedly acquiring stolen Medicare identities in bulk, with each identity costing approximately $8. These purchased identities are then utilized to facilitate fraudulent billing schemes targeting the government, potentially amounting to billions of dollars in illicit claims.
Criminals are actively engaged in the acquisition of stolen Medicare identities. These identities are reportedly bought in bulk, with each individual record priced at approximately $8.
The primary objective behind these purchases is to enable fraudulent billing practices. By using the stolen Medicare identities, criminals are able to submit illicit claims to the government.
These schemes have the potential to result in significant financial losses, with fraudulent billing against the government reportedly reaching billions of dollars.
(Source: Yahoo Finance)
