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New Healthcare Overpayment Recoupment Embezzlement Recovery Service Announced In Wake Of Launch of New Federal Task Force To Combat Healthcare Fraud Crisis
Date:11/19/2009

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Overpayment recoupment embezzlement is a widespread financial fraud that has gripped our healthcare system in about $1 trillion healthcare overpayment recoupment embezzlement crime.

ERISAclaim.com believes that private sectors shall be the equal partners to the Federal Government in fighting and preventing another financial meltdown, and must take proactive and primary roles in conjunction with the government fraud task force to save our economy and healthcare system.

Overpayment recoupment embezzlement fraud or crime is typically committed sophisticatedly by health plan's third-party administrators (TPA) or "TPA Madoff" in the scams by initial negligent overpayment to healthcare providers from the plan assets, especially from self-insured employer-sponsored plans, and subsequent unauthorized overpayment recoupment on behalf of self-funded plans under "anti-fraud initiatives" and ultimately fraudulent embezzlement of plan assets by failing to refund or return the recouped money to the original self-funded health plans. The current overpayment recoupment embezzlement fraud is very sophisticated and complicated, as it was usually committed under anti-fraud campaign and with participation of federal and state law enforcement to the extent of the alleged healthcare provider fraud investigation and prosecution. Based on the industry reports and published numbers, it is estimated that overpayment recoupment market could well be over $1 trillion as most recoupment actions have gone back two to six years with $2.5 trillion health expenditure annually and $6 trillion in denied claims annually. This "trillion-dollar Madoff" will overshadow the "billion-dollar Madoff".

Unless with in-depth industry knowledge and intimate know-how, it is extremely difficult for the ordinary plan sponsors to decipher this kind of trillion-dollar recoupment embezzlement scam, that is why Bernard Madoff's billion-
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