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Elder fraud Name: Institution: Abstract: Elder fraud is a contributor to increasing healthcare costs in America. This research paper will discuss the types of elder frauds and offer recommendations on solving elder fraud. American senior citizens are vulnerable to health care fraud due to their limited cognitive capability and desire for cheap healthcare solutions.
Many of the elder frauds are unreported but leave the senior citizens in devastating situations since most of them have little time to recoup the losses. Surprisingly, most of the elder frauds against the senior citizens are committed by family members and mainly the adult children or grand children. Some of the common frauds include Medicare or health insurance frauds where the perpetrators pose as genuine Health insurance agents in order to obtain personal information from the elderly people or provide inferior services in small clinics and bill the costs to Medicare (Busch, 2012). Another common elder fraud in nursing is counterfeit prescription drugs which mainly are conducted through the internet. Elder people usually obtain drugs that may even lead to more harm and worsening of their medical conditions (Federal Bureau of Investigations, 2012). This research paper will discuss types of elder fraud in the United States and offer recommendations on how to deter the fraud. The paper will utilize available literature on books and journals in order to understand elder fraud problem in the United States of America. Literature review According to figures released by the Federal Bureau of Investigations, health care related frauds cost the US economy about $ 250 billion every year. ...
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