Showing posts with label Healthcare.gov. Bloomberg. Show all posts
Showing posts with label Healthcare.gov. Bloomberg. Show all posts

Thursday, October 24, 2013

Report: Final Cost of Obamacare Website Tops $1 Billion


BACK UP THE BRINKS TRUCK!!!

The principal contractors responsible for the federal government's troubled health insurance website say the Obama administration shares much of the responsibility for snags that have crippled the system.

Executives of CGI Federal, which built the federal HealthCare.gov website serving 36 states, and QSSI, which designed the part that verifies applicants' income and other personal details, testified Thursday before the House Energy and Commerce Committee.

Meanwhile, figures released Thursday say the total cost of the deeply flawed website and healthcare exchange has topped $1 billion, according to a devastating new report by a widely respected government analyst.

Editor's Note: 22 Hidden Taxes and Fees Set to Hit You With Obamacare. Read the Guide to Protect Yourself. 

How? A surge in government spending on the Obamacare exchanges before they went live pushed the price paid to top government contractors over the $1 billion mark, The Hill reported, quoting the new study.

The report released Thursday by Bloomberg Government analyst Peter Gosselin says that federal spending ramped up in the months leading up to Oct. 1, with $352 million of the $1 billion in federal contracts to the top 10 Obamacare contractors awarded during this time.

"In a typical IT project, spending ramps up to a peak, then trails off during the final phase," Gosselin wrote.

This is a huge increase from the price tag usually associated the Affordable Care Act rollout: $394 million. That came from a Government Accountability Office report.

But Gosselin argues that the GAO study was too narrowly focused. He expanded his search of a federal contractor databases to include all awards where the acronym "ACA" or other related words and phrases appeared.


Via: Newsmax


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