The new tax reform program is not perfect, but it must be viewed in the context of a comprehensive tax reform plan. Tax reform is a continuous process, not a one-time event. As one proverb says, âTo get through the hardest journey, we need take only one step at a time, but we must keep on stepping.â
In October 2012, the MIA was granted authority to issue insurance fraud civil orders. Since 2013, the MIA has sanctioned over 104 individuals with committing insurance fraud in Maryland. Penalties totaling $371,750 have been issued and those individuals were also ordered to pay $126,411 in restitution.
The precise cost of fraud throughout the United States is impossible to measure. However, many experts believe the cost of fraud has climbed will into the high multibillion-dollar range. Below are a few creditable costs of fraud estimates:1  Mortgage Industry: Cost of fraud is estimated by the FBI at more than $1 billion nationwide. 2  Health-Care: The National Health Care Anti-Fraud Association estimates the health-care industryâs cost of fraud at more than $60 billion.he precise cost of fraud throughout the United States is impossible to measure. However, many experts believe the cost of fraud has climbed will into the high multibillion-dollar range. Below are a few creditable costs of fraud estimates: