The owner of an Essex County pain management center will pay more than $88,000 in penalties and restitution through a deal with New Jersey officials to settle allegations including fraudulently billing insurance companies.
A New York City insurance agent pleaded guilty in an attempt to defraud Prudential Life Insurance Co. and Aviva Life Insurance Co. out of $14 million in a life insurance scheme.
Fifteen defendants have pleaded guilty for their roles in a black-market prescription narcotic drug ring that involved Medicaid being billed for phony doctor visits and medicines never dispensed.
Two pharmacy technicians received sentences including three years of probation for their role in a scheme to defraud Medicaid by billing for expensive HIV/AIDS prescriptions that were never dispensed.
As a direct result of the Patient Protection and Affordable Care Act (PPACA) – also known as ObamaCare – health insurance agent and broker commissions have been slashed by as much as 50%. Agencies have been forced to lay off employees, limit products and services, shift to other lines, and have seen significant drops in compensation.