Seeking Alpha

Numerous tech problems mar first day of insurance exchanges

  • Millions of people visited the Web sites of health-insurance exchanges yesterday on their first day of operations, although, as expected, many of the sites were beset by technical glitches.
  • It's unclear how much of the traffic translated into sales - Connecticut's site received 28,000 hits as of 4 pm but only 167 people had applied to buy insurance.
  • The exchanges have been created as a key part of Obamacare.
  • Health insurers that are selling plans on exchanges include UnitedHealth (UNH), Aetna (AET), WellPoint (WLP), Health Net (HNT) and Humana (HUM). Molina Healthcare (MOH) is also playing a role.
  • ETFs: XLV, XHE, VHT, FXH, IHF, IHI, IYH, PTH, RYH, PSCH, RXL, RXD, XHS.
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Comments (2)
  • nemonemo
    , contributor
    Comments (323) | Send Message
     
    What a great success as cited by Bloomberg - 100 people. Haha. What a joke
    2 Oct 2013, 04:54 AM Reply Like
  • Angry Vet
    , contributor
    Comments (51) | Send Message
     
    It's a bit early to judge success or failure.
    2 Oct 2013, 08:27 AM Reply Like
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