The Affordable Care Act
The website may be working better now. But that's the least of my worries with this debacle. We will continue to hear stories like that of my parents' neighbor, whose private coverage was cancelled. A new ACA policy meant that the neighbor's doctor was out of network. So a bypass surgery scheduled for next week won't happen, despite a 90% blockage. Get used to these kinds of stories. Ultimately, with the employer mandate scheduled to go into effect on January 1, 2015, the ACA will unravel. It is an election year, and as more are affected by this trainwreck, the public will revolt. You can't keep your doctor (period); you can't keep your current insurance (period).
That's it for 2013. Have a safe and prosperous 2014.
At the time of publication, the author had no position in any of the securities mentioned.
This article represents the opinion of a contributor and not necessarily that of TheStreet or its editorial staff.