Gee, is it too early to ask Obama where all this money went?
A surge in government spending in the six months before the ObamaCare exchanges went live pushed federal spending to top government contractors over the $1 billion mark, a new study finds.
According to the report released Thursday by Bloomberg Government analyst Peter Gosselin, federal spending ramped up in the months leading up to Oct. 1, with $352 million of the $1 billion in federal contracts to the top 10 ObamaCare contractors awarded during this time.
“In a typical IT project, spending ramps up to a peak, then trails off during the final phase,” Gosselin wrote.
The price tag usually associated the Affordable Care Act rollout is $394 million, based on a Government Accountability Office report. Gosselin argued that study was too narrowly focused, so he expanded his search of a federal contractor databases to include all awards where the acronym “ACA” or other related words and phrases appeared.
“In looking at the full range of ACA-related contracts for just 10 firms, the BGOV analysis found more than $1 billion worth of contract awards,” he wrote.
Meanwhile, at Congressional hearings this morning Democrats wasted no time turning things into a farce. Anything to distract from Obama’s incompetence.