CMS Didn’t Identify $47M Spent Creating Marketplace, OIG Finds

The federal government can’t provide an accurate accounting of how much money was spent developing, implementing and operating the health insurance marketplace between August 2009 and March 2014, the HHS Office of Inspector General found in a review of all 62 contracts associated with creating the federal exchange.

The Centers for Medicare & Medicaid Services failed to identify $47 million in expenditures and obligations as being related to the marketplace, the OIG said in the report released Sept. 22.

For six of the 62 contracts, the CMS recorded $24 million in obligations and $23 million in expenditures in its accounting ...