What the Election Means to Fraud Detection
By Jon Coss, CEONovember 10, 2016
It’s only been a few hours since the election of Donald Trump, and we are already fielding questions about what this all means to Pondera. And while I must confess, like most Americans the election result was a bit of a surprise to me, we have been preparing for change no matter who won the election. This is because any change in administration leads to changes in priorities.
If I think back only a decade or so, active government program initiatives included Real ID laws for driver licenses, modernizing voter systems, and prison offender management systems. The Obama administration shifted a lot of focus and funding to Medicaid systems, insurance exchanges, and other health and human services programs.
What will the Trump administration mean to a fraud detection company like Pondera? While it’s still too early to tell, President-elect Trump has certainly provided some clues. For example, in one campaign speech he proposed funding his childcare initiatives by targeting fraud in state Unemployment Insurance Programs. And anyone who has been paying attention to the news recently could reasonably expect that voter fraud and the Affordable Care Act will receive some attention over the coming months.
Here is one thing that I know for certain. Come January, fraud will continue to be perpetrated against government programs no matter what party or which candidate is in charge. To fraudsters, large government programs are considered a target-rich environment too large to ignore.