Thursday, June 26, 2014

Govt. Report: Obama Admin Has Spent $4.8 Billion On ObamaCare Exchanges So Far

Don't sweat it. The people paying for it aren't, . . . because they haven't even been born yet.

They’ve spent nearly $5 billion on basic e-commerce websites that the private sector could have built for a fraction of the cost.
The federal government has spent nearly $5 billion to establish federal and state exchanges for Obamacare, according to a report by the Congressional Research Service (CRS).
The funding was provided by a section of the Affordable Care Act that allowed for “indefinite” funding at the discretion of the Secretary of Health and Human Services (HHS).
“The Centers for Medicare & Medicaid Services (CMS) is incurring significant administrative costs to support [federally-facilitated exchanges] FFE operations,” the report, which was released earlier this month, said.
According to CMS, the government spent $456 million to support “exchange operations” between fiscal years 2010 and 2012, before the law went into effect. In 2013 the government spent $1.545 billion for administrative costs associated with the exchanges, and expects to spend an additional $1.390 million this year. The agency has requested another $1.788 billion for 2015.

Thank You WFB and Zip. 

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