What Is the Cost of Healthcare Fraud in the United

question 29

Multiple Choice

What is the cost of healthcare fraud in the United States each year?

• A) Approximately one trillion dollars
• B) Tens to hundreds of billions of dollars
• C) Approximately $20 billion
• D) Hundreds of millions of dollars

---

Definitions:

Contractual Capacity

The legal ability of a party to enter into a contract, including being of legal age and having sound mind.

Undisclosed Principal

A situation where an agent acts on behalf of a principal, but the identity of the principal is not revealed to the third party involved in the transaction.

Liquor Sale

The regulated process of selling alcoholic beverages, subject to various laws and licenses depending on the jurisdiction.

Undisclosed Principal

A situation in a business transaction where the identity of the principal (the person for whom the agent acts) is not revealed to the third party involved in the deal.