fbpx

Tag Index  /  Showing 1 of 1 results for “insurance industry”

Government

The Unhealthy Truth About Obamacare’s Contractors

On July 16 of this year, Sarah Kliff posted a prescient piece on the Washington Post's Wonkblog. The post, “Meet Serco, the private firm getting $1.2 billion to process your Obamacare application,” reported that 90 percent of Serco’s U.S. business is with the federal government and that the 25-year-old firm pretty much owes its existence to government contracting. She also noted that Serco's experience is in paper pushing, not healthcare. Nonetheless, Serco won a contract that will pay it $114 million in 2013 and that eye-popping number of $1.2 billion over the next five years.   More