Privatized welfare plan price swells ::
Indiana will spend nearly $180 million more than it initially planned to privatize and automate many of its welfare functions just two years into a closely watched 10-year deal that is one of the most lucrative contracts in state history.
The cost of the $1.16 billion contract Gov. Mitch Daniels signed in late 2006 has risen 15 percent, to $1.34 billion, under changes made to the agreement with a group led by Armonk, N.Y.-based IBM Corp.
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Privatization has in almost every case turned out to be less efficient more expensive and less responsive than government programs, but for the last 30 years this has been the mantra of the business parties.