I've never really liked the "the business screws up and you pay for it" narrative so common in articles like this. I don't remember my microeconomics class too

I've never really liked the "the business screws up and you pay for it" narrative so common in articles like this. I don't remember my microeconomics class too well, but the inefficiency affects the supply/demand curve, and I believe that the business and the consumer both typically take a loss. Not really so simple a story as "they just raise the price by the amount they lost and take it from you easy-peasy" like the line makes it sound, like consumers have just simply absorbed all cost/risk on the company's behalf. At any rate, fraud like that should increase the inefficiency of the business, and in a competitive market, companies handling fraud better should get an edge, then we end up with a bunch of companies doing the optimal amount of fraud policing. Of course, we have the real problem of not having real competition in the US health care market.