Good MONEY After Bad
Posted in the Minneapolis Forum
Saint Paul, MN
#1 Dec 3, 2013
This is just one more indication that the Affordable Care Act really isn't about health insurance. We could have given each uninsured person a million dollars and payed for their insurance for what we have spent so far.
Late IT Cash Surge Foreshadowed Health-Law Woes:
Although the Affordable Care Act has been law for three and a half years, one third of the funds going to the top contractors working on the federal exchanges were awarded in the six months before the new insurance marketplaces opened Oct. 1, a Bloomberg Government Analysis has found.
The torrent of late spending ó almost $352 million of $1 BILLION in awards to the top 10 contractors ó indicates the magnitude of the work still to be done as opening day approached, and helps explain the information technology problems that have dogged the exchange system since its launch. In a typical IT project, spending ramps up to a peak, then trails off during the final phase.
READ the full SAD story of Obama's FAILURE: http://about.bgov.com/2013-10-24/late-it-cash...
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