Sebelius' departure confirmed following botched Obamacare rollout

The White House has confirmed that Health & Human Services Secretary Kathleen Sebelius is resigning and will be replaced by Sylvia Burwell, the director of the Office of Management & Budget, assuming the latter is confirmed by the Senate.

Sebelius' departure comes after she said in October that she should be held "accountable for the debacle" of the launch of Obamacare, although the program did reach the government's target of 7M sign-ups by the end of March. She said yesterday that at least 7.5M people have enrolled.

One of Burwell's first challenges will be to work with health insurers as they set prices for Obamacare plans in 2015, which industry executives have warned could rise sharply.

More on Obamacare

Health insurers: AET, HNT, HUM, UNH, WLP, MO

Hospital operators: HCA, CYH, THC, UHS, HMA, LPNT

Pharmacies: WAG, CVS, BIOS, RAD, MHS, PMC, OCR


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Comments (24)
  • thirunagar
    , contributor
    Comments (31) | Send Message
    Its surprising that they reached their target!
    11 Apr 2014, 06:34 AM Reply Like
  • capitolp
    , contributor
    Comments (716) | Send Message
    If you notice they always put a ugly old lady in charge of something about to blow, IRS,GM,SOS..ETC. That way you won't send Grandma to Jail. Lookout YELLEN, you're next.
    11 Apr 2014, 09:48 AM Reply Like
  • bbro
    , contributor
    Comments (11227) | Send Message
    Ah mixing one's political beliefs with investing...what could go wrong with that?


    Do you sell WLP on this news or do you buy it or do you just ignore this piece of information?
    11 Apr 2014, 06:59 AM Reply Like
  • rich06969
    , contributor
    Comments (197) | Send Message
    MO is a health insurer? Well if that ain't diversification I don't know what is!
    11 Apr 2014, 08:03 AM Reply Like
  • june1234
    , contributor
    Comments (4406) | Send Message
    no worry. she's looking at a multi million package as an obamacare lobbyist if she wants
    11 Apr 2014, 08:12 AM Reply Like
  • BruceInKY
    , contributor
    Comments (445) | Send Message
    Pays the price? How about the "reaps her rewards" in the form of taxpayer-funded six-figure annual retirement package?
    11 Apr 2014, 08:21 AM Reply Like
  • Trader's Profit Compass
    , contributor
    Comments (2072) | Send Message
    i am w/ you forgot the lifetime healthcare conveniently outside of Obamacare.........tough life
    11 Apr 2014, 10:30 AM Reply Like
  • ellaruth
    , contributor
    Comments (1082) | Send Message
    Obamacare should have been tested in several states first and then objectively assessed by a bipartisan panel. Instead it was rammed through congress and down the economic throats of the American taxpayers and freeloaders.


    The affordable care act upheld as a tax by the US Supreme court was in part concomitantly struck down in part because a democratically controlled Senate and House of Representatives unconstitutionally passed the act with a provision that allowed the federal government to automatically assess state governments for it's in state services without the consent of the states and its citizens.


    Since our nation has many duly elected Governors and State legislators who are of non socialistic political persuasion, Obamacare has a permanent structural impediment that will cost the Federal taxpayers and medical insurance policyholders billions of untold dollars. The prior giant sucking sound which will grow annually, should be distinguished from the other hewn cry of youth, many of whom are chronically unemployed in our utopian society who are assumed ready willing and able to pay higher premium costs in order to balance the drawdown in medical services from the more needy aging population.


    The definition of insurance is the transfer of risk for a premium or fee. The attempt to homogenize risk by placing undue obligation upon the young and also the gainfully employed is not insurance at all. It is WELFARE and BIG GOVERNMENT TAXATION.


    Those who accuse persons that openly criticize Obamcare as bigot's or racists ought to abandon such a myopic and toxic conclusions. Vigorous opposition to The Affordable Care Act, is based upon a sound economic definition of insurance, a constitutional understanding of the role of States in Federal legislation and basic arithmetic.


    The obsessing Obama reference to the biblical record of capital murderer Cain's question "Am I My Brother's Keeper", should be properly understood in its historical narrative as a personal moral matter between Cain and his slain brother Abel. By no means should the Torah text be wrenched to make one person who has done no harm to another individual, made to feel that they are responsible for the same persons health care bill.


    However, I will acknowledge that if you can use the Torah to do the above, you could also perhaps change the story of Adam and Eve to Adam and Steve.


    Blessed Pesach!
    11 Apr 2014, 08:36 AM Reply Like
  • june1234
    , contributor
    Comments (4406) | Send Message
    Dont confuse the constitution and the torah. God doesn't
    11 Apr 2014, 09:35 AM Reply Like
  • taxman100
    , contributor
    Comments (617) | Send Message
    Constitition is ignored by those in Washington, as most state governments are now permanently on the federal teat. Once the income tax, direct election of Senators, and the Federal Reserve Act was law, it was just a matter of time.


    Your Constitution has been sold to the ruling class for 30 pieces of silver.
    11 Apr 2014, 09:57 AM Reply Like
  • abreik
    , contributor
    Comments (47) | Send Message
    Altria is listed as a health insurer...
    11 Apr 2014, 09:16 AM Reply Like
  • sethmcs
    , contributor
    Comments (3565) | Send Message
    Damn right. Look at all the loot the tobacco settlement made for governments under the pretense of covering medical expenses.
    12 Apr 2014, 09:33 PM Reply Like
  • ellaruth
    , contributor
    Comments (1082) | Send Message
    I would like to echo a statement by an Australian student that provides a fitting tombstone for those that have grave second thoughts about "The Affordable Care Act".


    There's an annual contest at Bond University, Australia, calling for the most appropriate definition of a contemporary term.


    This year's chosen term was "political correctness".


    The winning student wrote:


    "Political correctness is a doctrine, fostered by a delusional, illogical minority, and promoted by mainstream media, which holds forth the proposition that it is entirely possible to pick up a piece of sh!t by the clean end."


    If Obamacare has a clean end it's very small!
    11 Apr 2014, 09:25 AM Reply Like
  • TAS
    , contributor
    Comments (3886) | Send Message
    Poor Kathleen, She really couldn't help herself. After all, she is the daughter of the worst governor of 20th century Ohio, John Gilligan.


    Gilligan made Clouseau and organized Mensa candidate in comparison.
    11 Apr 2014, 09:40 AM Reply Like
  • Gedankonomist
    , contributor
    Comments (1039) | Send Message
    Rearranging deck chairs on the Titanic.
    11 Apr 2014, 10:13 AM Reply Like
  • ellaruth
    , contributor
    Comments (1082) | Send Message
    Sorry June 1234


    I have not confused the constitution with the Torah but I know a little about both.


    I know that the US Supreme Court struck down a portion of the Affordable Care because it was unconstitutional. This was in regards to the issue of States being billed for Obamacare. Nothing that I said about this was in regard to the Torah.


    What I wrote with regard to the Torah, is a passage that President Obama has oft quoted when attempting to build support for his social vision. "Am I my brothers keeper". What I said was that Obama does with Cain's statement xactly what you indicated that you indicate that I did, misinterpret and misapply it.


    My comments earlier as now about the Torah story of Cain, as well as regarding the US Supreme Courts ruling on Obamadontcare are clearly delineated.


    The only mixup are with those who instead of hearing a call to abandon the Obamadontcare ship are instead doubling down in denial and attempting to justify this most faulty legislation.


    Yes the Torah and the constitution are separate, but the ten commandments are yet on the wall of the Supreme court as a Supreme reminder to us all. Thou shalt not lie. Thou shalt not bear false witness.


    11 Apr 2014, 10:17 AM Reply Like
  • dakota444
    , contributor
    Comments (98) | Send Message
    The only reason that they reached their target is because about 5 to 7 million people lost their coverage due to obamanation care. What were these people supposed to do, go without coverage. They had to sign up. It's all laughable.
    11 Apr 2014, 11:23 AM Reply Like
  • Daniel5150
    , contributor
    Comments (267) | Send Message
    I very much agree 7612841.I was one of these that lost out because of obamanation care. Basically,was either sign up,or go without and pay the year end penalty. Very laughable indeed
    11 Apr 2014, 12:37 PM Reply Like
  • alterami
    , contributor
    Comments (262) | Send Message
    They didn't reach their target on so many levels, first off all they did was go to a website and pretend they're going to buy a policy, its not the same as actually buying one. What they counted as "enrollees" would be like Geico counting someone getting a 15 minute car insurance quote as an enrollee. Secondly as others mentioned they're including people who were cancelled by the law itself, how pathetically wrong is that? Thirdly, they're counting Medicaid enrollees. Obamacare didn't create Medicaid, it was already there and many of those people would've signed up for Medicaid at this time even if Obamacare didn't exist. Fourthly, if you subtract out all of the above, Obamacare probably maybe barely has a net gain of people who the law actually got insurance for, you are left with a hugely disproportionate number of people who won't or can't pay for it, get subsidies, have pre-existing conditions, and overall cause prices to rise for everyone. There is no catalyst for prices to do anything but rise, which we are now witnessing. So much for Obamacare promising it would save the average family $2,500, just wait until next year when the insurance companies realize they either raise raise drastically or go bankrupt.
    11 Apr 2014, 03:45 PM Reply Like
  • acrturus
    , contributor
    Comments (64) | Send Message
    The ACA is becoming a great success and the right simply does not know how to spin it, so they just lie about it. It's here to stay. Just imagine how much better it would be if all these Republican governors had allowed their states to set up exchanges and expand Medicaid... They let their uninsured citizens suffer purely out of political spite. Remember that in November.
    12 Apr 2014, 11:02 AM Reply Like
  • bill d
    , contributor
    Comments (1893) | Send Message
    So - "that she should be held "accountable for the debacle" of the launch of Obamacare". Big deal - Janet Reno took the blame for Waco. So what?
    12 Apr 2014, 03:54 PM Reply Like
  • freemarketblw
    , contributor
    Comments (31) | Send Message
    7.5 million sign-ups my FOOT. It's a govt. made-up # like 3 million homeless was a decade or so ago. Or 'global freezing' was in 1972.


    The insurance companies sold their soul to Obama in his proposed 'get rich' scheme for them, and now they will likely go broke and the govt. will have to take over the insurance industry and create s single-payer plan, which was Obama's objective to begin with. A blind man could see this coming.


    Good by America. We re-elected an African muslim whose objective is to pay back 'whitie' for exploiting his father's country in Africa. And we're helping him succeed. Adios. Armageddon is soon upon us.
    12 Apr 2014, 05:50 PM Reply Like
  • dictionshunary
    , contributor
    Comments (746) | Send Message
    Unfortunately we have too many low information voters in the USA. Too bad they can vote even without an ID!
    13 Apr 2014, 10:44 AM Reply Like
  • bill d
    , contributor
    Comments (1893) | Send Message
    And more than once if you look at the voting statistics for Ill & Chicago in 2008.
    14 Apr 2014, 10:02 PM Reply Like
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