Archive for May, 2009

The cost of Identity Theft

inheal51.jpgEstimates from a study conducted by the Boston University have estimates that run into 200,000 incidents of identity theft for use in medical purposes. This translates into an annual loss of $53 Billion dollars in lost revenue for the health industry which is why even the president and presidentiables have taken up the battle cry to implement much needed reform on the Health care Industry which analysts have been saying is going downhill for quite sometime now. This drive is to make health care more accessible thus in effect dissuades people from turning to the said crime. The rising cost of medical health care is to blame and the government has now just begun to pay notice to the said problem which hopefully would be resolved once elections seats a new president of gives the current one another term.