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Calgary Dentist Faces Prison for $680K Insurance Fraud

  Calgary dentist Alena Smadych pleaded guilty to fraud in June, admitting to falsely billing insurance companies when she was the owner of a local dental clinic A Calgary dentist who admitted to defrauding insurance companies of more than $680,000 could spend up to three years in prison , according to Crown prosecutors. Dr. Alena Smadych , former owner of All About Family Dental , pleaded guilty to fraud earlier this year after submitting falsified claims to multiple insurers between 2013 and 2023 . Initially, she admitted to more than $125,000 in phoney billings to Sun Life and Blue Cross, but subsequent investigations revealed additional fraudulent claims totaling $558,000 across three more companies. The Crown argued during Friday’s sentencing hearing that Smadych’s actions represented a decade-long scheme that undermined trust in the insurance system. Her clinic was once the highest billing practice in Canada for root canals, raising red flags that eventually led to inve...
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Canada’s inflation rate rises in July, but food prices remain stable




According to the latest update from Statistics Canada, the country’s inflation rate accelerated in July 2023. The Consumer Price Index (CPI) rose 3.7% on a year-over-year basis in July, up from a 3.1% increase in June. The increase was mainly due to higher prices for shelter and transportation. However, food prices eased in July, with the food index rising 2.5% year over year compared with a 2.7% increase in June.

Inflation is an important economic indicator that measures the rate at which the general level of prices for goods and services is rising and, subsequently, purchasing power is falling. The rise in inflation can be attributed to various factors such as supply chain disruptions, higher demand for goods and services, and other economic factors. The easing of food prices in July is a positive sign for consumers as it means that they will have to spend less on food items than they did in June.



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