The Insurance Fraud Accountability Act seeks to reduce fraudulent enrollments in health insurance plans by amending the Patient Protection and Affordable Care Act. It introduces new penalties for agents and brokers who provide false information, with fines reaching up to...
Simple Explanation
The Insurance Fraud Accountability Act is like a rulebook that wants to stop people from cheating when signing up for health insurance by giving them big fines or time-outs if they lie. It also says there will be careful checks to make sure things are fair, but it might take a while to put these checks in place.