It's a shocking story we hear almost nothing about: huge corporations exploiting some of the $900 billion a year in government programs aimed at helping America's poor, and pocketing hundreds of billions of taxpayer dollars along the way. Anne Kim, a Contributing Editor at Washington Monthly, shares some of the most riveting stories from her book 'Poverty for Profit' (publishing TODAY at this link) a deep dive into what these companies are doing, who is being hurt, and why we decided as a country to outsource the poverty industry. Anne also explains why there's still some good news and hope for the future.

00:51 The Shocking Reality of the Poverty Industry

04:31 The Earned Income Tax Credit: A Double-Edged Sword

10:54 Maximus: The Giant Behind Welfare Outsourcing

16:48 The Dark Side of Medicaid and Dialysis Centers

21:19 The Bail Bond System: Preying on the Vulnerable

23:22 The Roots of Privatization and Its Impact on Poverty

30:03 Reimagining Government's Role and the Path Forward