The Affordable Care Act

  1. 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.

Jonathan Heller, CFA,CFP® is president of KEJ Financial Advisors, his fee-only financial planning company. Jon spent 17 years at Bloomberg Financial Markets in various roles, from 1989 until 2005. He ran Bloomberg's Equity Fundamental Research Department from 1994 until 1998, when he assumed responsibility for Bloomberg's Equity Data Research Department. In 2001, he joined Bloomberg's Publishing group as senior markets editor and writer for Bloomberg Personal Finance Magazine, and an associate editor and contributor for Bloomberg Markets Magazine. In 2005, he joined SEI Investments as director of investment communications within SEI's Investment Management Unit.

  Jon is also the founder of the Cheap Stocks Web site, a site dedicated to deep-value investing. He has an undergraduate degree from Grove City College and an MBA from Rider University, where he has also served on the adjunct faculty; he is also a CFA charter holder.

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