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Example of a Kickback

[Summary]Kickback Definition & Example | Investing Answers There are a number of specific laws prohibiting kickbacks. For example, a payment to a US government official may trigger a fine of three times of value of the kickback and a prison sentence of up to

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Kickback Definition & Example | Investing Answers

There are a number of specific laws prohibiting kickbacks. For example, a payment to a US government official may trigger a fine of three times of value of the kickback and a prison sentence of up to 15 years. Bank kickbacks are prohibited under the Bank Bribery Amendments Act of 1985, which, in addition to the monetary fine, can also imprison offenders for up to 30 years. The Anti-Kickback Act of 1986 specifically prohibits government contractors from kickback schemes, and subjects violators to both civic and criminal charges.

Kickback (bribery)

A kickback is a form of negotiated bribery in which a commission is paid to the bribe-taker in exchange for services rendered. Generally speaking, the remuneration (money, goods, or services handed over) is negotiated ahead of time. The kickback varies from other kinds of bribes in that there is implied collusion between agents of the two parties, rather than one party extorting the bribe from the other.[1] The purpose of the kickback is usually to encourage the other party to cooperate in the illegal scheme.[2]

Healthcare anti-kickback laws | whistleblower cases | Medicare Medicaid fraud

The False Claims Act offers whistleblowers an effective way to expose and stop kickbacks in the healthcare system. Kickbacks – hidden financial arrangements between doctors and hospitals or other healthcare providers or companies – are one of the most complicated and troubling aspects of the healthcare system.

Kickback

Example of a Kickback

The payment of something of value to an individual with the goal of persuading or influencing his or her decision or performance in a certain situation.

Medicare and State Health Care Programs: Fraud and Abuse; OIG Anti-Kickback Provisions

DEPARTMENT OF HEALTH AND HUMAN SERVICES

Office of Inspector General

42 CFR Part 1001

RIN 0991-AA49

Medicare and State Health Care Programs: Fraud and Abuse; OIG Anti-Kickback

Monday, July 29, 1991 (56 FR 35952)

AGENCY: Office of Inspector General (OIG), HHS.

ACTION: Final rule.

SUMMARY: This final rule implements section 14 of Public Law 100-93, the Medicare and Medicaid Patient and Program Protection Act of 1987, by specifying various payment practices which, although potentially capable of inducing referrals of business under Medicare or a State health care program, will be protected from criminal prosecution or civil sanctions under the anti-kickback provisions of the statute.

Kickback and Self–referral Statutes Physicians May be Violating | Physicians Practice

The government often focuses on potential kickbacks and self-referral arrangements in healthcare fraud investigations. As one federal publication recently stated, “in some industries, it is acceptable to reward those who refer business to you. However, in the federal healthcare programs, paying for referrals is a crime.”

[Editor: Admin]
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