Monday, March 28, 2016

ACA/Obamacare: What Was The Total Price of

“Obamacare’s implementation in October 2013 came with the launch of, the federal health insurance exchange.

Just six people successfully signed up for health insurance on on Oct. 1, 2013, because of massive glitches and failures with the site. In the months that followed the disastrous launch, the Republican-led House of Representatives held numerous hearings to determine why the Obama administration decided to launch the website.

The Department of Health and Human Services fired CGI Federal, which was originally tasked with building, after the website’s launch and signed a new contract with Accenture to rebuild the exchange.

Though the Obama administration hasn’t formally said how much cost the taxpayers, Department of Health and Human Services Secretary Sylvia Mathews Burwell said last May that the website cost $834 million. Similarly, a report from the Department of Health and Human Services Inspector General put the cost of the exchange at $800 million.

An analysis by Bloomberg Government, though, put the total cost at $2.1 billion. Bloomberg Government took into account budgetary costs for the Internal Revenue Service and other government agencies, as well as contracts reworked to pay for the website.” - In 5 Charts, How Obamacare Has Worked the Past 6 Years, daily, 03/23/2016

Link to the entire article appears below:



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