Hmmm, 15 years ago, our daycare provider had an insurance company wiggle out of paying for a pre-approved surgery. They were forced to file for bankruptcy with over 100K in medical bills.
I think personally, this is basically a punitive thing designed by our corporate overlords to make sure we stay on track.
If an employee has a history of theft, that kind of information WOULD be valuable to a potential employer.
I just hate the idea that if something goes badly wrong in life you can be excommunicated from society, work and life! Reeks of 1984!