No Easy Fixes for Obamacare Glitches
This episode of The Motley Fool's Market Checkup drills down on the hottest headlines and biggest market movers in the health-care sector along with an important update on the Affordable Care Act's implementation.
In this video, health-care analyst David Williamson discusses how Obamacare's troubled rollout is potentially even glitchier than feared. On its debut, many consumers were greeted with website failures that kept them from purchasing insurance policies. However, insurance companies may also be feeling the brunt of a rushed launch as well -- cases of corrupted files or incomplete customer information that make it difficult to finalize the process.
These troubles were highlighted in fairly harsh comments regarding the preparedness of the website from Aetna's CEO, Mark Bertolini, who said during a CNBC interview that it could take potentially years to get everything operating smoothly.
If there are troubles with the exchanges, it would highlight the cautious approach put forth by Aetna and Unitedhealth, but if the overwhelming demand seen in the early days holds up and the sickest customers are not the first in line, it would validate WellPoint's goal to claim the largest exchange footprint of the large insurers.
Follow David on Twitter @MotleyDavid.
The article No Easy Fixes for Obamacare Glitches originally appeared on Fool.com.David Williamson has no position in any stocks mentioned. The Motley Fool recommends UnitedHealth Group. It recommends and owns shares of WellPoint. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.