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COVID-Era Evolution of Elder Fraud: Know the Red Flags
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COVID-Era Evolution of Elder Fraud: Know the Red Flags
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Trade Publication Article
COVID-Era Evolution of Elder Fraud: Know the Red Flags
2022
Overview
According to the U.S. Census Bureau, the 65-and-older population has grown rapidly since 2010, and, according to forecasts, by 2040 the older population in the United States will reach almost 81 million. According to the Centers for Disease Control and Prevention, social distancing and isolation affected our elders the most. According to the U.S. Department of Justice (DOJ), health care fraud resulted in about $1.4 billion in losses by the end of2021, with the majority of reported cases related to telemedicine. According to the October 2021 Annual Report to Congress on Department of Justice Activities to Combat Elder Fraud and Abuse and the 2021 report of the U.S. Senate Special Committee on Aging, the fraud schemes listed below (among others) became more prevalent in 2020 and 2021 as we all were trying to manage the COVID-19 health care crisis.
Publisher
Pennsylvania Institute of Certified Public Accountants
Subject
