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Financial cost of healthcare fraud revealed

Published on 20/01/2010
Each year, more than €56 billion are lost as a result of widespread healthcare fraud and corruption across the continent, with an average of 5.59 per cent of global healthcare expenditure being lost to fraud alone.

That is according to the European Healthcare Fraud and Corruption Network (EHFCN), which has launched a new campaign to raise awareness and highlight areas that could benefit from the missing funding.

Paul Vincke, president of EHFCN, said that preventative measures are needed at both national and European Union (EU) levels as public health services cannot afford to lose more money.

He commented: "Despite differences in politics, economies and healthcare systems, we need to ensure that every citizen has access to effective healthcare, wherever they are and whatever their social or economic background."

Figures show that 56 billion €56 billion would pay for more than 2.5 million nurses across the EU every year, over 3,500 new healthcare clinics and around 1.7 million incubators.
© ActiveQuote Ltd. 2010


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