Speech Kennedy Chan

Okay, it's recording and you put like you recorded it. Okay. >> Imagine needing a 100-mi medical emergency helicopter, and a few weeks later after you recover, you find a bill in your mailbox for a $120,000. That's a house somewhere here in the US. That seems crazy, right? Now, what's even crazier about this case

that I reviewed in my internship is that this helicopter ride should only cost around $40,000 maximum. That's a $80,000 difference for the same exact helicopter ride. When we talk about why When we talk about why healthcare is so expensive, our minds immediately jump to the expensive hospital stays, doctor visits, medication, and sometimes the insurance

alone. Well, one major part of that problem that gets swept under the rug and isn't talked about enough is the waste and abuse that happens within the healthcare industry. I'm currently at an intern I'm currently an intern at a company that helps organizations prevent and reduce waste and abuse within uh their healthcare claims. Part of what

we do is we take their healthcare claims and we look for fraudulent, overcharged, or unnecessary claims. With the estimated 35% of all healthcare spending attributed to waste and abuse, this is a much bigger problem than most people realize and we need to take action as fast as possible. There are three things I want to touch base on

today: how healthcare fraud and abuse happens, how much money is actually in the healthcare industry overall, and why this type of issue is so hard to tackle. Healthcare fraud can happen in many different various ways. For example, a health a healthcare provider could charge you multiple times even if you only got that service once. They could