Insurance fraud is committed not only by people who set fire to their homes for the insurance money or who lie about “missing” property that was in their “stolen” cars. Doctors and lawyers—licensed professionals—also commit insurance fraud. They risk the usual penalties, including potential jail time, as well as the loss of their ability to practice their profession.
Doctors
Consider, for example, that about a year-and-a-half ago, 18 doctors and other health service providers took a hit to their pocketbooks when the New York Department of Financial Services (DFS) announced that it was banning them from billing New York’s no-fault auto insurance system1 as part of what it characterized as “an extensive and ongoing” DFS investigation into “fraudulent health service providers and medical mills that abuse the no-fault insurance system.”2
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