Re: Obamacare website cost $634 MILLION DOLLARS
posted at 10/10/2013 11:42 AM EDT
In response to NowWhatDoYouWant's comment:
In response to A_Concerned_Citizen's comment:
That $634 million for the exchange is the cost over the complete lifecycle of the project which is 10yrs or about $63 mil/yr.
So let's look at the comparison to:
Facebook 6yrs/$600 million = $100mil/yr
Twitter 5yrs/$360 million = $72/mil
CMS CCIIO Healthcare Insurance Exchange IT Investment
FY2013 (CY) Spending = $63.68 M
Time frame of Investment = 2011 - 2020
This Exhibit 300 represents a summary of the current IT investments undertaken by HHS and Treasury to implement the provisions of the Patient Protection and Affordable Care Act (ACA). It includes the CMS Center for Consumer Information and Insurance Oversight (CCIIO) Healthcare Insurance Exchange (HIX) investment and a set of major and non-major IT Investments managed by Treasury and IRS that provide support for ACA. HIX provides a platform for organizing the health insurance marketplace to help consumers and small businesses shop for coverage in a way that permits easy comparison of available plan options based on price, benefits and services, and quality.
Prepare for lots of loud noises made in an attempt to cover up the initial offense...
Hate to burst your collective and collectivist bubbles, but reporting out the techical expenditures by these big and successful companies is an apples and oranges comparison.
A better comparison might be to get the number a bank, like CitiBank, spent to do online banking. I would suspect the cost to develop the website, inclding linking to the data, to be in the 1-2 mil range.