'Serious fraud' allegations against company with $1.2 billion Obamacare contract

Daily Caller:

A British multinational being paid $1.2 billion to implement Obamacare’s federal insurance exchanges is under investigation after allegedly overcharging the British government by tens of millions of dollars.

Reuters reports that Britain’s Serious Fraud Office is now looking into Serco, a massive service and security firm employing 120,000 worldwide, after the company reportedly overbilled its government client as much as $80 million for criminal electronic monitoring devices.

Around one in six of the criminals listed were already in prison, had left the country, were not required to wear a device, or were even dead. 

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In early July, the U.S. Department of Health and Human Services (HHS) granted Serco a $1.25 billion contract to review and process paper insurance applications for Obamacare’s 34 federally-operated state exchanges. News of the investigation broke days later, and the Obama administration rushed to defend its corporate partner.

“Serco is a highly-skilled company that has a proven track record in providing cost-effective services to numerous other federal agencies,” said a spokesman for HHS’ Centers for Medicare and Medicaid Services, the agency charged with implementing the exchanges.
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Well, they are off to a swell start.  The allegations do sound serious.  It calls into question the integrity of the management and if nothing else their competency and internal controls.  Since they are working on the federally operated exchanges that means they will be handling paperwork for Texas purchasers on the exchanges.

Do Texans really want their most personal data being handled by an outfit under suspicion of "serious fraud."