Unemployment insurance for 3 million in jeopardy as Congress leaves for vacation

More than 3 million people throughout the U.S. could lose their unemployment insurance next year if Congress cannot breach an impasse that has stalled the legislative process. Federal lawmakers are currently deliberating on how to extend the federal insurance benefits program given the rising costs seen within the system. The 2008 recession has had drastic effects on the nation’s workforce, pushing many out of jobs they have had for decades. Unemployment reached record highs throughout the nation, putting immense financial strain on the unemployment insurance system. Legislators have yet to…

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Insurers profit from medicare funds

Medicare News

Private insurance plans tailored to accommodate Medicare recipients are making massive profits by using advance government payouts. The Medicare program regularly sends money in advance, much of which has no immediate need, and insurers are using the funds to secure investments, according to an investigation report by the Department of Health and Human Services. Those in the  financial world are familiar with this practice called, “playing the float”. The HHS inspector general estimated that private Medicare plans obtained some $380 million from these investments with money used from the government…

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