National Report Pharmaceutical Fraud Day: History, Facts & Insights

This is an in-depth look at all the must-know facts about National Report Pharmaceutical Fraud Day (2025) 🗓️ that no one tells you about. National Report Pharmaceutical Fraud Day is celebrated on January 23rd.

Among the information you’ll find below: the history of National Report Pharmaceutical Fraud Day, activities to do on and how to observe this holiday, as well as intriguing facts you ought to know about National Report Pharmaceutical Fraud Day.

📅 What day is National Report Pharmaceutical Fraud Day 2025?

In 2025, National Report Pharmaceutical Fraud Day is on Monday, January 23rd. It is the 4th Monday in January; in 2024, it is Tuesday. There are until the next observance. You also can discover all intriguing details and facts about January 23, 2023, that you might not be aware of.

National Report Pharmaceutical Fraud Day is observed annually on January 23rd. It aims to highlight the significant issue of fraud in the pharmaceutical industry, which amounts to 10% of all Medicare funds. Pharmaceutical corporations are often involved in these fraudulent activities. The day serves as an opportunity to raise awareness about the potential rewards for whistleblowers who expose pharmaceutical fraud and educate the public on how to report such incidents. By encouraging public support, the goal is to ultimately eradicate pharmaceutical fraud through this initiative.

📜 National Report Pharmaceutical Fraud Day History

According to reports, Medicare fraud results in the loss of 10% of all Medicare funds, with pharmaceutical companies being one of the major culprits. Considering that the government spends $650 billion annually on Medicare, this means that approximately $65 billion is lost to Medicare fraud each year. This significant amount of money makes healthcare fraud a pressing national concern, as it directly impacts the provision of healthcare services to elderly and underserved individuals. Therefore, it is crucial to eliminate pharmaceutical fraud.

There are two ways to report pharmaceutical Medicare fraud. The first option is to report it through the United States Department of Justice (DOJ) Whistleblower Reward Program. By choosing this route, the government is likely to initiate an investigation, but the downside is that your identity will eventually become public. The second option is to report it directly to the Centers for Medicare & Medicaid Services (CMS), the governing body for the Medicare program. Reporting to CMS is a quicker and easier process, but there is uncertainty about whether the government will launch an investigation.

✅ National Report Pharmaceutical Fraud Day Facts

🔖 The largest reward
The highest amount ever awarded in a case of Medicare fraud was $150 million.

🔖 The average reward

🔖 It’s between 15% and 30%
If you provide the correct submission, you will receive a reward ranging from 15% to 30% of the money that is returned.

👍 Why Is National Report Pharmaceutical Fraud Day Important

We can contribute to the solution to the public health issue caused by pharmaceutical fraud. Sharing the news about this day is the least we can do to raise public awareness so that others can participate in properly reporting it.

Every dollar counts for those in need of health care. If more consumers understand how to correctly report fraud, pharmaceutical corporations will think twice about defrauding Medicare. The Medicare monies will eventually be in excellent hands.

One source of knowledge about pharmaceutical fraud is Joel D. Hesch’s ebook. This day helps us arm ourselves with the information we need to report a scam.

🙂 How To Observe National Report Pharmaceutical Fraud Day

⚡ Report if you see fraud

⚡ Spread the word
Spread awareness about National Report Pharmaceutical Fraud Day to encourage more people to take part in fighting against illegal activities. By informing a larger portion of the population and encouraging them to come forward, we can reduce the likelihood of corporations attempting to defraud Medicare.

⚡ Download Hesch’s ebook
Report any instances of pharmaceutical fraud, particularly on this day. You may report it without a DOJ reward by reporting it straight to the C.M.S. However, if you choose the latter route, there is no certainty that the authorities will launch an inquiry.

📅 When is National Report Pharmaceutical Fraud Day?

See all 🔗 January holidays, including 🔗 Special Interest and other 🔗 Awareness holidays.

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