Health care fraud is one of the most devastating financial crimes, siphoning billions of dollars from insurance companies and patients who spend a staggering 2.5 trillion dollars each year on health care. From doctors who knowingly perform unnecessary surgeries to seemingly trustworthy businessmen who sell phony insurance policies, CNBC's Crime Inc. reports on the thriving criminal enterprise.
Medical insurance fraud is one of the most dangerous forms of identity theft, and it threatens to both drain the economy and impact your personal life.
A bustling surgical center in Orange County, California, brought in more than $20 million dollars in revenue in less than a year. The three doctors involved were accused of creating their own surgical assembly line.
In 2008, according to one data provider, criminals pocketed more than $19,000 per patient in profit through healthcare scams. CNBC's Carl Quintanilla reports on how Unity Outpatient Surgery Center in California participated in one of the biggest medical insurance fraud cases in U.S. history.
Theresa Orr and her husband, Pete Orr, were the victims of TRG, an unlicensed insurance company that left over 7,000 Floridians without critical health care. She discusses the unpaid medical bills.
Holly Gieszl, an attorney specializing in healthcare fraud, discusses a procedure that was unnecessarily performed at Unity Outpatient Surgery Center in California.
Quintanilla is an Emmy award-winning reporter and co-anchor of "Squawk on the Street" broadcast live from the NYSE.
