Obamacare costs still running over budget
At least a third of the contracts the administration inked to help implement Obamacare are over budget, an inspector general’s audit reported Tuesday, highlighting the health program’s potential to inflate costs.
Seven of the contracts already have cost twice as much as initially anticipated, the Health and Human Services Department’s inspector general said.
...It appears the administration is still not managing this program very well. They either failed to project the cost of operations or they have not controlled spending or both.
Investigators said the 20 contracts pinpointed as already over budget were estimated to cost about $345 million in total, but a review of committed funds so far shows they’ve exceeded projections by more than $283 million.