Wednesday, August 27, 2014

Can Taxpayers Recover Hundreds of Millions of Dollars From Obamacare Exchanges?

The Office of the Inspector General (OIG) of the U.S. Department of Health and Human Services has just released a report on the contracts issued to private vendors to set up the federal pieces of Obamacare’s disastrous health insurance exchanges.

The OIG identified 60 contracts that started between January 2009 and January 2014. (That start date is a little mysterious, because Obamacare was not signed into law until March 2010.) The total estimated value of the contracts, when they were signed, was $1.7 billion.

However, only $800 million has been obligated, and $500 million spent.

How can taxpayers recover this money?

Read the entire column at the Independent Institute's Beacon blog or NCPA's Health Policy Blog.

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