Another Government 'Success' Story - $100 Billions In Improper Payments

For those who forgot the $822,000
wasteful GSA Conference in 2010

Natalie Webb, BankruptingAmerica.org: While most of the country spent the week recovering after a beautiful Fourth of July weekend, Washington went right back to their overspending ways and political games. It was reported that the government wasted billions of taxpayer dollars on improper payments – not to mention the fact that Obamacare is still suffering from its fair share of issues. Read on to find out what else happened in Washington over the past week:

Another Government Bummer Story. The Associated Press reported that the government made approximately $100 billion worth of improper payments last year. To make matters worse, the people on the receiving end of those payments may not have been entitled to receive anything to begin with! Here's the best news of all: the vast majority of the $100 billion was spent on behalf of already troubled healthcare programs.

Premiums Keep Going Up. Residents in certain states such as Colorado and New York can expect major sticker shock after their health insurance premium rates start increasing next year. According to The New York Times, “Over all, including plans inside or outside the exchange, insurance companies asked for average rate increases of 13 percent in 2015.”

Obamacare “Glitches” Are Still A Thing. According to The Wall Street Journal, thousands of Americans who purchased health insurance through Healthcare.gov STILL don’t have coverage, due to glitches in the enrollment system. As a result, some people are being forced to put off important medical treatments, or pay for them out-of-pocket.

40% Of Unemployed Are Millennials. Are you a young person who wants to pay off your student loans? Well, good luck. Market Watch reported that millennials are suffering more in the job market than any other age group. Not only could having their careers delayed impact the potential of young Americans, but it could leave their generation disillusioned.

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