Study Reveals Annual Cost of Global Health Care Fraud

Approximately USD560 million is lost every year to fraud, corruption and error in implementing health care budgets around the world, a new study reveals as quoted by

. Researchers at the European Healthcare Fraud and Corruption Network and the Center for Counter Fraud Services at the United Kingdom's Portsmouth University said this amount is enough to increase the budgets of the World Health Organization and UNICEF fourfold. The researchers examined 69 projects of 33 organizations in six countries.

About the author

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    Ivy Mungcal

    As former senior staff writer, Ivy Mungcal contributed to several Devex publications. Her focus is on breaking news, and in particular on global aid reform and trends in the United States, Europe, the Caribbean, and the Americas. Before joining Devex in 2009, Ivy produced specialized content for U.S. and U.K.-based business websites.