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April 13, 2008 at 08:00 PM
They’re back . . . health care hucksters who attempt to part your clients from their health-insurance premiums. If the U.S. economy falls into a recession, you’ll probably be seeing more, so warn your clients now.
In the last wave of health care flimflams, at least four unlicensed insurers sold medical insurance to thousands, leaving insureds with $85 million in unpaid medical bills. According to one health care expert, more than 200,000 companies and individuals have fallen prey to such scams since 2000, including those who bought insurance from the mother of all scammers, Employers Mutual. In that case, consumers were saddled with $30 million in unpaid claims.
