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Experts recommend closing Obamacare site due to security fears

The Web site should be shut down as it is full of security flaws that could expose the user data of millions of people, IT experts warned a Congressional hearing yesterday.

The experts also said the site should be completely rebuilt so that it would run better, as well as making it easier to protect.

Senior government technology official Henry Chao testified that 30% of the federal health-insurance market is "still being developed." Chao can't guarantee that will work for the vast majority of Americans by the end of November, as the White House hopes.

Should Obamacare enrollment remain weak in the long term, prescription-drug sales could be hit, a report from IMS Health predicts. Under the worst-case scenario, spending would be $320B vs a best case $460B.

The current problems have prompted WellPoint (WLP) to pull back its marketing of it new healthcare offerings, CEO Joseph Swedish has said. But while enrollment is still "anemic," the potential is there "for a significant uptake" once the issues are resolved.

Relevant company tickers: AET, CI, HNT, MOL, HUM, UNH


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Comments (5)
  • aeroguy48
    , contributor
    Comments (776) | Send Message
    obamacare should be shut down.
    20 Nov 2013, 05:42 AM Reply Like
  • Amerlafrance
    , contributor
    Comments (717) | Send Message
    Obama should resign; except his pick of VP is as inept as his sginature program and foreign policy. But at least Biden as a caretaker for three years would allow the country to stop digging a deeper hole. Also Boehner and Reid should resign their leasership posts.
    20 Nov 2013, 06:17 AM Reply Like
  • Larry Harnar
    , contributor
    Comments (328) | Send Message
    Well, it's not like the government to get involved in something it should not and screw it up. That never happens. (extreme sarcasm).
    20 Nov 2013, 08:41 AM Reply Like
  • Birdinhand
    , contributor
    Comments (24) | Send Message
    To Wellpoint CEO and Obama:
    Gofa Cure Self
    20 Nov 2013, 10:30 AM Reply Like
  • Amerlafrance
    , contributor
    Comments (717) | Send Message
    was that uptake or upchuck
    20 Nov 2013, 10:38 AM Reply Like
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