This is an in-depth look at all the must-know facts about National Report Kickback Fraud Day (2023) 🗓️ that no one tells you about. National Report Kickback Fraud Day is observed on September 18th.
Among the information you’ll find below: the history of National Report Kickback Fraud Day, activities to do on and how to observe this holiday, as well as fun facts you may want to know about National Report Kickback Fraud Day.
📅 What day is National Report Kickback Fraud Day 2023?
In 2023, National Report Kickback Fraud Day is on Monday, September 18th. It is the 3rd Monday in September; in 2024, it is Wednesday. There are until the next observance. You also can discover all intriguing details and facts about September 18, 2023, that you might not be aware of.
In the United States, National Survey Kickback Fraud Day is celebrated on September 18 every year to draw attention to the problems and emergencies caused by different forms of kickback fraud. It is crucial to raise public awareness about kickback fraud, as it results in the federal government losing over 10% of its yearly budget. On this day, one of the main focuses is to educate the public about the specific ways to report instances of kickback fraud.
📜 National Report Kickback Fraud Day History
In 1931, during the Great Depression, Congress passed the Copeland Act, the first anti-kickback bill, after discovering that companies were trying to avoid paying their employees properly on government contracts. This law still exists today and prevents large infrastructure contractors from forcing their employees to give back or refund any part of their earned pay.
In 1965, the Medicare and Medicaid programs were established, providing health insurance to millions of Americans. However, the programs’ substantial funds and inadequate reimbursement methods led to increased fraud, waste, and abuse. To ensure that only necessary goods and services were provided to Medicare and Medicaid recipients, Congress enacted the Anti-Kickback Statute in 1972.
Although the Anti-Kickback Act had a wide scope, its enforcement capabilities were limited, making it less effective. In 1977, Congress made amendments to the legislation, making kickback violations punishable by up to five years in prison. Additionally, the law was expanded to prohibit any form of compensation in exchange for recommendations.
In the twenty-first century, kickback fraud’s impact on the government and the general population became more apparent. In response to these concerns, Joel D. Hesch, the founder of The Hesch Firm, established a kickback fraud awareness day and launched a campaign to assist the government in combating the rise in kickback fraud.
✅ National Report Kickback Fraud Day Facts
🔖 Credit card fraud remains the most common
Credit card fraud is most frequently observed in newly opened accounts and recently issued cards, making up approximately 40% of the most prevalent types of fraudulent activities.
🔖 There’s a rise in childhood identity theft
Each year, more than one million children fall victim to identity theft due to their use of the internet for playing games or making online transactions.
🔖 Americans top the list of scam victims
The United States consistently ranks among the top 10 countries known for engaging in scams.
👍 Why Is National Report Kickback Fraud Day Important
It’s a great way to spread the word about the national report on kickback fraud and the damage it can bring to taxpayers, companies, and the economy. The more individuals who are made aware of the consequences, the more probable it is that they will avoid and report any incidences.
It educates people, companies, and government officials about national report kickback fraud and how to avoid it. Understanding the strategies utilized by these con artists can help reduce the amount of money wasted indefinitely.
It honors the efforts of organizations and individuals who have worked to combat nationwide kickback fraud. and demonstrates the working blueprints they used to achieve success for others to copy and follow.
🙂 How To Observe National Report Kickback Fraud Day
⚡ Report any case
⚡ Make a pledge
On National Report Kickback Fraud Day, make a personal commitment to stay vigilant and reject any potential kickbacks that come your way. Take the time to educate yourself about the various types of kickback fraud so that you can easily recognize any suspicious situations.
⚡ Raise awareness
Contact your local legislators and request that they take steps to prevent and prosecute kickback schemes. Complementing them on what they’ve already done well is another great way to get them to do more.
📅 When is National Report Kickback Fraud Day?
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