Although of fairly-recent origin, lawsuit loans and settlement loans are becoming more widely known. Individuals are relying on various forms of lawsuit funding to assist them in being able to continue litigation against those who cause them harm through health care fraud. In the vast majority of instances, litigation funding can be extremely valuable to individuals who file legitimate claims.
However, for those individuals who are intent on health care fraud, you should be aware of the fact that incorporating various forms of litigation funding will give a second pair of eyes to this situation that may be unwanted!
I realize that it appears incongruous to suspect that there is some logical consistency in what I’ve stated. However, please note that all lawsuits require various levels of scrutiny prior to getting to the final process. If a lawsuit is filed against health care fraud, this typically means that the underlying negotiations have failed. This isn’t always the case. Why? Because some attorneys opted to file a lawsuit as soon as a client comes to them.
When individuals seek lawsuit loans and settlement loans, they are advised to work with brokers who will attempt to connect them with litigation funding agencies that are best-suited to accommodate their needs. Additionally, various jurisdictions limit the types of funding that may be advanced and brokers can be tremendously valuable to applicants.
When applications are filed, many of these funding agencies work closely with health care lawyers and underwriters who have a great deal of experience in reviewing such matters. If fraudulent activity is suspected on a particular file, this may trigger the need to report concerns to law enforcement. Remember, there is no attorney-client privilege in documents being submitted. Therefore, you should be cognizant of the need to reserve this form of funding for those cases that are legitimate.Learn more detailed updates at http://www.seventhcircuitcases.com/dont-fall-victim-to-health-insurance-fraud-3-ways-to-protect-yourself/
Fortunately, the vast majority of cases that are filed are pristine. However, for myriad reasons, some individuals will attempt to take unfair advantage of a defendant through health care fraud. Illustrative of this is the case in which a plaintiff’s car may have only a tiny scratch on it and yet submit bills for tens of thousands of dollars. (Yes, severe injuries can occur in minor incidents. However, they are the exception rather than the rule.)
Keep in mind, lawsuit loans and settlement loans were created in an effort to even the playing field. Plaintiffs customarily must do battle with insurance carriers and their health care lawyer. It isn’t simply a matter of plaintiff versus defendant. In those cases in which no insurance is involved, many individuals find that it’s not even worth their while to pursue compensation for harm they sustained.
The vast majority of cases that we see arise from car accidents. Most states require insurance coverage – by law. Failure to maintain this insurance while operating a vehicle can constitute a crime in most states. Therefore, the vast majority of cases involving car accidents will have a component in which a plaintiff must deal with both the defendant and the defendant’s insurance carrier. Remember, when you deal with an insurance carrier, you are often dealing with very experienced insurance defense attorneys who focus their attention solely on representing insurance companies. (It is true that defense attorneys state that they represent the defendant, not the insurance carrier. However, this is absolute fiction.)
Those in need of lawsuit loans and settlement loans should pursue them with the assistance of a broker. Make certain, however, that your claim is legitimate and you are not causing health care fraud. If you are attempting to perpetrate a fraud, in addition to being advised not to perpetrate the fraud in the first place, you certainly create double-trouble for yourself if you submit these claims to lawsuit funding agencies. If you in any doubt contact a health care lawyer today.…