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Taxpayers Lost $65 Billion On Obamacare Fraud Last Year
Taxpayers Lost $65 Billion On Obamacare Fraud Last Year
Taxpayers spent $65 billion on health insurance premiums for people who either didn't exist or didn't qualify for benefits in two federal programs in 2024, according to an Aug. 26 report from Paragon Health Institute.
Expanded Medicaid and Obamacare, the signature programs of the Affordable Care Act, improperly enrolled a combined 14.3 million people that year, researchers concluded.
Expanded Medicaid allows states to enroll people making up to 138 percent of the federal poverty level, versus up to 100 percent for traditional Medicaid....
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Jun 24, 2026 / Jason Ditz
Over 11,000 Buildings Destroyed During Israeli Invasion of Southern Lebanon
Since early in the Israeli invasion of Lebanon, there have been persistent reports of the Israeli military engaging in deliberate destruction operations aiming to entirely destroy the Lebanese Shi’ite villages near the blue line in the far south. New reports reveal the extent of the destruction. A joint statement from Lebanon’s National Council and the […]
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Mar 30, 2026 / Tyler Durden
Global Demand Destruction: Subsidies, Empty Gas Stations, Rationing, Flight Cancelations, Export Limits, Price Controls
Global Demand Destruction: Subsidies, Empty Gas Stations, Rationing, Flight Cancelations, Export Limits, Price Controls
In the past two weeks we have discussed demand destruction as a result of soaring oil prices (here and here), and we are increasingly seeing anecdotal evidence of just that (here is a table from Goldman we showed previously, laying out where demand destruction is most acute).
We start, as always, with Asia which has emerged as ground zero of the global energy crisis - as a reminder last week we first presented a map by JPMorgan's...
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Jun 5, 2026 / Tyler Durden
US Jobs Soar By 172K In May, Smashing Estimates In 4 Sigma Beat; Unemployment Rate Remains At 4.3%
US Jobs Soar By 172K In May, Smashing Estimates In 4 Sigma Beat; Unemployment Rate Remains At 4.3%
With Wall Street expecting a strong - not great - number, and a modest decline from April's 115K, moments ago the BLS reported a shocker: in May the US added 172K jobs...
... not only a 4-sigma beat to the median estimate of 88K, but also above the highest estimate of 125K.
The change in total nonfarm payroll employment for March was revised up by 29,000, from +185,000 to +214,000, and the change for...
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