The $31 Billion Health Insurance Mistake (and How to Avoid It)

Source: InvestingAnswers, 29th June 2012

According to a 2011 study by the Ponemon Institute a whopping 1.42 million Americans fell victim to medical identity thieves; the annual economic impact of that medical identity theft was $30.9 billion, or more than $217 per victim.

It’s no wonder that healthcare-related fraud is on the rise. According to the World Privacy Forum, a stolen Social Security number has a sells on the black market for around $1; stolen medical and healthcare information sells for a staggering $50…