The 1 Thing Standing in the Way of Obamacare's Utter Collapse

Without it, the entirety of Obamacare is in jeopardy. Without it, the entire health-insurance industry could be at risk. If it fails, the federal government could be financially harmed.

Those words didn't come from the mouths of opponents of the Affordable Care Act. They originated directly from the federal government -- to be specific, the Centers for Medicare and Medicaid Services, or CMS.

What could possibly be so important to the future of Obamacare and the health insurance industry? The one thing standing in the way of the collapse of health reform and the aftermath of such a meltdown is ... Accenture (NYSE: ACN  ) .

Source: White House on Flickr.

A stunning request
After the disastrous launch of the federally run HealthCare.gov website, the White House made some changes. CGI Group (NYSE: GIB  ) , a primary contractor on the initial effort, was shown the exit door. The company walked out whistling, though: CGI's contract with the U.S. government generated up to $300 million in revenue. CGI's stock soared nearly 45% last year.

UnitedHealth Group's (NYSE: UNH  ) Quality Software Services, or QSS, unit won the job as lead contractor in the salvage effort of HealthCare.gov. QSS staff worked day and night alongside others for weeks to fix the hundreds of bugs in the website. By early December, federal officials were pointing to the apparent success of those efforts, with many Americans finally able to enroll for health insurance.

Behind the scenes, though, some government insiders weren't celebrating victory yet. A justification was submitted on Dec. 27 for skipping the standard open bidding process in selecting a vendor to "perform urgently required services." What was so urgent? The need to develop the back-end financial management platform for HealthCare.gov by mid-March.  

CMS recommended that Accenture be awarded a $91 million contract without allowing other companies to bid. The federal government's bidding process takes at least six months. There simply wasn't enough time to avoid the dire consequences spelled out in detail by CMS officials without taking immediate action.

Were all the gloomy predictions about the threat to Obamacare and the health insurance industry overblown? That doesn't appear to be the case. CMS said that critical functionality was totally missing from the back-end system, including the ability to track eligibility and enrollment transactions and to pay insurers correctly. 

A significant opportunity
Tongues are already wagging that the Obamacare website mess is worse than previously disclosed, but let's leave that to the political commentators. There's a possible investing opportunity here -- not because $91 million is a huge amount for Accenture, but because of the bigger picture.

Although there wasn't an open bid process, the feds didn't pick Accenture willy-nilly. CMS looked at more than a dozen companies for the job. It selected Accenture because the big consulting company possessed the technical expertise needed, had proven experience tackling complex tasks, and claimed a good track record.

If Accenture successfully pulls this project off, the company will be able to talk to prospects in the future and honestly say, "The U.S. government picked us for one of the most critical efforts it has ever faced with an incredibly tight window -- and we delivered." Regardless of whether a prospect is a government agency or a private company, that kind of achievement holds the potential to land Accenture considerable business over the next few years.  

The obvious question, though, is: Can Accenture do it? Can the company actually build the back-end system functionality in just a couple of months or so? As massive of an effort as it appears to be, I think it can. Sure, there will probably be some problems. However, I suspect that Accenture will be able to pull a rabbit out of the hat.

My view is based on a few factors. First, I worked for Accenture years ago and know how it operates. It'll tackle the project as methodically as ants building an ant bed. Second, it has a lot of ants -- a huge pool of talent from which to choose. The company has no doubt assembled some of its best resources for the project. 

Third -- and perhaps most important, I doubt Accenture would have signed up for the project if it didn't think it would succeed. That's not to say the company has been successful in every project in the past. It hasn't.

However, this effort is so visible, so politically charged, and so critical, my take is that Accenture wouldn't have ventured forward if it thought this was a lost cause. And the company was already a contractor on parts of the Obamacare implementation already, so it wasn't making the call without some knowledge of what it was getting into.

If I'm right, investors could be smart to follow CMS's lead and pick Accenture. If I'm wrong, Accenture's stock probably wouldn't be hurt too much. Just look at CGI's stock performance during the HealthCare.gov fiasco last year. If I'm wrong and CMS is right, though, Obamacare could be in store for a lot of pain in the days ahead.

One thing standing in the way of your prosperity under Obamacare
You can win financially with Obamacare -- but not if you don't understand the health-reform legislation and how it affects you. Obamacare seems complex, but it doesn't have to be. In only minutes, you can learn the critical facts you need to know in a special free report called "Everything You Need to Know About Obamacare." This free guide contains the key information and money-making advice that every American must know. Please click here to access your free copy.


Read/Post Comments (81) | Recommend This Article (42)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

  • Report this Comment On January 26, 2014, at 4:33 PM, r95252 wrote:

    Seriously, ACA/Obamacare is already done. America said no, and the communists tried to force it on us! We are not accepting this manure.

  • Report this Comment On January 26, 2014, at 4:53 PM, Disgustedman wrote:

    I'm not going to worry. I have figured out how to avoid the "Tax" (Read Penalty) and so I'll watch as it crashes and burns.

  • Report this Comment On January 26, 2014, at 5:04 PM, mjc84 wrote:

    r95252 you do realize that the current government took the idea of obamacare to 2 national elections and won both right? So the communists you speak of are the American people I guess.

  • Report this Comment On January 26, 2014, at 5:05 PM, jmgconsultants wrote:

    It has already collapsed in many ways, it has already hurt millions of Americans with millions more to be hurt this year. Obamacare needs to go.!

  • Report this Comment On January 26, 2014, at 5:09 PM, ferdiefor wrote:

    Wrong. When the CEO of Aetna was interviewed on CNBC last week in Davos he indicated if premium increases get too high he would have no choice but to withdraw from the exchanges.

    If too many insurance companies presently in the exchanges decide they cannot properly structure a risk pool within the exchange they may have no choice but to withdraw. The remaining insurance companies will be in deeper trouble if too many exchange participants shift to their plans; this could become a negative feedback loop.

    So the author's conclusion that only Accenture can save Obamacare is wrong because insurance company withdrawals from exchanges can still sink Obamacare.

  • Report this Comment On January 26, 2014, at 5:10 PM, Hjin wrote:

    Problem is what happens when Obamacare finally unravels due to death spiral. Young and healthy folks aren't enrolling at a level needed to sustain prices. More people are being pushed into medicaid than before. Employers are dropping coverage for part time workers and spouses. Insurance providers are talking about withdrawing from the exchanges. When all's said and done, those insurers who participated in the initial round will be hopelessly bankrupt. Bailouts will be paid by the American taxpayers.

  • Report this Comment On January 26, 2014, at 5:14 PM, Kngrthr wrote:

    Just a huge pyramid (Ponzi) scheme run by the government, How much was spent on this, including everything, from the beginning? What a waste.

  • Report this Comment On January 26, 2014, at 5:20 PM, takncarabizniz wrote:

    Nice try...but you really expect people to believe Accenture is an impartial party or that the selection process was fair? LOL, given that Accenture's support of Barack Obama holds an all time campaign donation record, I really think you need to reevaluate your perception of what they are really out to accomplish. This is political payback, nothing more. They will line their pockets and walk away. The American people are still screwed!

  • Report this Comment On January 26, 2014, at 5:25 PM, wtru65 wrote:

    mjc84 you do realize that it was never taken to the American people right? I think you mean Obama was elected twice and barely made it the second time because a lot of folks were beginning to wake up to the amount of damage he and his cronies are doing to this country. The ACA was passed strictly in the House and Senate against the protests of "we the people", without our being able to vote on it. Pelosi herself admitted not knowing what was in the bill. Her incredibly idiotic comment that "we have to pass it to know what's in it" has to be the most epically ridiculous justification for passing a bill that I've ever heard. The ACA was crammed down our throats, all the while being told by big government that they know what's best for us. I hope it does collapse, and soon!

  • Report this Comment On January 26, 2014, at 5:34 PM, shineridge wrote:

    The majority of Americans do NOT want Obimbo Care !!!!!!! Yet, the MARXISTS in Congress (DemoCRAPS), and our COMMUNIST President, shoved it down our throats. This has happened in a DEMOCRACY, where our "leaders" are supposed to represent we, the people. Clearly, they don't. Our only hope is that Obummer Care will COLLAPSE of its own weight. This actually may happen. If young Americans don't sign up in the numbers needed (so far the have not), the money to run Obimbos MARXIST health care plan, simply won't be there. And the whole thing could just fall apart. I PRAY this happens !!!!!!

  • Report this Comment On January 26, 2014, at 5:35 PM, cleodis4 wrote:

    Only fools will say something want work or will not work when it is not in full force.

    Look at social security and medical care. The same kind of rhetoric were hear.

  • Report this Comment On January 26, 2014, at 5:36 PM, g4g5t5y6u7s3 wrote:

    Obamacare makes up more than 200 of the items on this list:

    Obama supporters will go hysterical over this well sourced list of 539 examples of his lying, lawbreaking, corruption, cronyism, etc. http://danfromsquirrelhill.wordpress.com/2013/08/15/obama-25...

  • Report this Comment On January 26, 2014, at 5:36 PM, RickLV wrote:

    The "one thing" is the arrogant Democrat's refusal to accept the obvious fact that socialism ALWAYS FAILS, because trying to sustain government programs by depending on "other people's money", never lasts.. Because you ALWAYS run out of other people's money.

  • Report this Comment On January 26, 2014, at 5:42 PM, RickLV wrote:

    "If you like your health plan, you can keep it....PERIOD!" -Obama

    (the fine print);

    Please change the first "YOU" to "WE".

  • Report this Comment On January 26, 2014, at 5:45 PM, Cyplainsdrifter wrote:

    Yes, Libs inability to admit socialism fails in small, and now BIG ways. Even if the web site worked PERFECTLY, the SHIP IS SINKING. Prices too high, people losing coverage. Only about 200K people who had no insurace now have (may have) insurance. 6 million lost insurance and are in limbo.

  • Report this Comment On January 26, 2014, at 5:46 PM, janleew wrote:

    For the first time COBRAj is less expensive that buying insurance in the market place. I know this because I am being laid of March 31st. I work at an outpatient medical imaging center, the 4th one in my are that has closed within the last 2 year that I know of. Reimbursements have been being cut for a long time. Rates have gone up. The winners are the insurance companies and big hospitals. The middle class again pays the most. You all will have less choices, more out of pocket expense and longer wait times for care and imaging and everything. Plus you are going to pay people like me unemployment because there are no full time and/or benifitted jobs out here.

    Beware.

  • Report this Comment On January 26, 2014, at 5:54 PM, racop101 wrote:

    So far Obama's administration has not been able to run our country, even start to fix the debt. What makes them think He or they can run an affordable insurance. Obama needs to be voted out and the Christians stand up for what is right in this country. We need to JUST SAY NO!!

  • Report this Comment On January 26, 2014, at 6:12 PM, Karacek wrote:

    Obamacare is not about health care, it's about control and is designed to fail. First to spend mucho bucks to help break our economy, secondly to bring in single payer plan.

    Wonder what happens to the Prez's un-Constitutional standing army legislated into this bogus health care law, "just as well funded, well trained, and well armed as our military that answers only to him. No one is talking about this, and that is a grave mistake. No one has read it, including the SCOTUS--NO ONE, in Congress that is!

    He has standing armies all over the nation, and foreign at that. People better wake up and forget about Obamacare - it's un-Constitutional and signing up is giving your permission for him to manipulate and control you. Resist ALL LAWS THAT ARE REPUGNANT TO THE CONSTITUTION. DO NOT GIVE YOUR CONSENT AND SELL THE REST OF US DOWN THE RIVER!

  • Report this Comment On January 26, 2014, at 6:25 PM, SurfinCitizen wrote:

    WRONG!!! The ONLY thing standing between Obamacare and its utter collapse and repeal is the liberal slobbering sycophantic media like Motley Fool.

    TELL THE TRUTH ... THE WHOLE TRUTH and let The People decide.

  • Report this Comment On January 26, 2014, at 6:31 PM, atkinskd wrote:

    Karacek, I don't totally dismiss but would welcome proof of your claim. Barry Baby and Walter *ahem* Biden are glowing examples of the maximum of one's ineptitude, however let's not give them too much credit.

    The idea that this Database and exchange is any more complicated than Amazon, Ebay, Paypal, is what I find absolutely befuddling. If Accenture has had any hand in these systems then the contract is golden - they just change the banners on the various pages and they're done in a week. I personally think that CGI should be fined at least 50% of the contract. Then let the Feds and Lawyers sort it out. Not like Barry hasn't sued everyone else in the past few years.

  • Report this Comment On January 26, 2014, at 6:32 PM, quacker wrote:

    the company that got the no bid contract has close ties to michelle Obama. seems wrong to me.

  • Report this Comment On January 26, 2014, at 6:32 PM, quacker wrote:

    wonder if the nsa helped make the website

  • Report this Comment On January 26, 2014, at 6:33 PM, rationalist wrote:

    Oh, and the lies about the debt. I saw a link here to a site that said in part

    "The national debt increased more during Obama’s first three years and two months than it did during all eight years of George W. Bush’s presidency."

    The deficit when Obama took over was running at an annual rate of $1.4 trillion. That has been cut in half as of last year's fiscal budget. The amount added to the debt under the Obama administration has therefore actually beeen slightly less than the amount added by Bush. Not only that, but the majority of the debt incurred during Obama's first term was due to things taht were passed under Bush and which Obama couldn't end. The biggest source was the Bush tax cuts. The high end of those was just ended. The next biggest contributor to the debt was the wars in Iraq and Afghanistan. Obama has ended one of those and will end the other this year. Another large chunk was the unfunded medicare part D entitlement. The ACA actually addresses paying for some of that. If you add it up, 75% of the debt incurred during Obama's administration was due to laws passed by Bush, which Obama is fighting to fix.

    Of course that won't stop you numnuts from claiming that Obama has been spending us into oblivion. Look at the facts (which I know is hard for republicans). Obama has actually cut most social spending programs. I am not happy about that, but frankly the reasons I am unhappy with Obama is that he has been way too conservative.

  • Report this Comment On January 26, 2014, at 6:35 PM, atkinskd wrote:

    If We The People are genuinely sick of politics we have but to register and vote. Only in a united statement of Get Out will anything in politics change. Nothing has changed in the last 50 years in particular - everybody complains and nobody does anything. Voter Turnout is considered high when it's in the 30% range.

  • Report this Comment On January 26, 2014, at 6:40 PM, JePonce wrote:

    The proper name is Obamatax. That is the only way he could the this Marxist piece of excrement.

    Like Hillarycare the Leftists changed the name to create the illusion it had something to do with care. Obamatax comes right from Saul Alynski's instruction manuel, Rules for Radicals, where on page 36, Rule 10 he says,“the ethics of means and ends is that you do what you can with what you have and cloth it with moral garments."

    His tax dictates you, among other things, pay for your neighbor's penis pumps, contraceptive, and abortions. Somewhere in those 2,000 may be included the SF clause, where taxpayers pay for sex change operations of city government workers.

    Who knows, no one read it, and we had to hurry up and pass it so we could find out what was in it. The staffers that wrote it should be imprisoned, and law makers that voted for it without reading it should be imprisoned, and all that voted for it and signed it into law should be impeached, charged with crimes against the public, and unlike the citizens, should be granted their rights to due process.

  • Report this Comment On January 26, 2014, at 6:45 PM, alfredenewman wrote:

    I just got through watching the History Channel's The Third Reich, the fall; and I could not miss the similarities of Hitler's and Obama's rise to power. True, Obama is not invading countries, or directly killing Jews so, I came with the term Obama is Hitler soft but, with the same megalomania for power, and wanting to experiment with his pet ideologies.

  • Report this Comment On January 26, 2014, at 6:48 PM, dale330 wrote:

    Obama to Accenture: "Don't worry, if this doesn't work, the tax payers will bail you out," (looks at Pelosi, Reid, Accenture execs., all laughing) bahahahahaha!

  • Report this Comment On January 26, 2014, at 6:48 PM, Makikijoe wrote:

    Obamacare isn't going to go away. The latest figures are showing that three million people have signed up now. Each month, that figure will increase. You conservatives can complain about it all you want. You can dream about it's demise all you want. But the fact is, the new health care law has ALREADY helped millions of people obtain coverage. And many who lost their old, lousy policies are much better of with the new policies, policies that are more comprehensive and without those annual and lifetime "caps" that makes a policy useless in the event of a catastrophic illness.

    The fact that a lot of the people who criticize the new health care law raise the alarmist nonsense about communism and socialism only makes me realize how out of touch with reality a lot of Obama haters are. Canada and the Scandanavian countries have nationalized health care systems. Yet they are not communist dictatorships.

    Wealthy conservative,s such as the Koch Brothers and Sheldon Adelson spend a whole lot of money trying to convince average, working class Americans that the new health care law will bankrupt us all.

    It's a bunch of bull. Nationalized health care has NOT bankrupted Canada, Britain or any of the many countries that already have it. All of the countries are prosperous democracies. NONE have turned into communist dicatorships. How sad the way wealthy conservatives like Rupert Murdoch and others can deceive so many working class people in our country to vote Republican, in other words, vote against their own interests. It' absolutely mind boggling that Texas, a state that has more uninsured people than any other state in the country, would elect people like Rick Perry and John Cornyn, in other words,people who do NOT support universal health care. It's sad that states like Kentucky, one of the poorest states in the country when measured by per capita income, would continue to send Mitch McConnell to the Senate, a man who fought against the expansion of health care, every step of the way. What a strange situation in the GOP controlled states, when millions of voters continue to vote against their own self interest by electing these men.

  • Report this Comment On January 26, 2014, at 6:49 PM, JePonce wrote:

    Rattionalist is rationalizing. He found a web site...anyone can find a Leftist web site.

    The Obama White House historical budget shows that in 2008, his last year in office, and the second year Democrats owned Congress and the purse strings, was Bush's worst deficit of $456.553 Billion.

    The sum total of 8 Bush deficits was $2.004 Trillion, which Obama surpassed in the first 2, "let me make it clear," 2 years.

  • Report this Comment On January 26, 2014, at 7:02 PM, specialED wrote:

    I'm sad. The world is passing me by, and it scares me. I turn to my news sources for comfort, none of that "lamestream" media stuff. They tell me things that while, "not intended to be a factual statement," provide some amount of comfort.

    Here's the bottom line: people are now required to pay for the medical resources they consume when they don't have insurance. Clearly, that's communism and a government takeover. But it's okay. It's collapsing. That has to be true; I read it on someone's Facebook page.

  • Report this Comment On January 26, 2014, at 7:07 PM, kickchina wrote:

    If Obamacare is repealed, I want the benefits that were added to medicare as part of it for the whiny elderly included. That means the donut hole will still be there. The current whiny elderly have been way too pampered and they need to give like everyone else to get our spending under control .

  • Report this Comment On January 26, 2014, at 7:12 PM, kickchina wrote:

    Anybody complaining here that is on medicare is a complete hypocrite as you are on biggest government healthcare plan in country. They added Part D 7 yrs ago to but elderly votes and it is costing general revenue an extra 75 BILLION a yr. Funny how few objected to that giveaway. As you can see, starting to lose my respect for most elderly and I am 57. Never see me in a senior center with those whiners.

  • Report this Comment On January 26, 2014, at 7:20 PM, avanelle wrote:

    i am not the sharpest knife in the drawer, but i did very well during my 27 years in the insrance industry. i went to college for insurance and a business management degree, and one thing i learned is that you can't underwrite a no limits policy, especially one in the medical area where the cost can be astronomicale. obamacare will be litigated like you wonit believe for there is no case law on it and it is over 22,000 pages. i worked with the medical community for 37 years and i have hundreds of contacts and no one that i know likes or wants obamacare, plus it is to expensive and the deductibles and co-pays are wat to high. the reason that medical malpractice premiums are so high is the verdicts have no limits in most states, therefore it is impossible to properly underwrite it. who ever is the father of obamacare never worked in the medical insurance at many levels for it is obvious to me. the only way obamacare can survive is for many changes be made and i am not optimistic it can survive, for i think it is doomed.

  • Report this Comment On January 26, 2014, at 7:21 PM, lyndagroom wrote:

    Indeed there is one thing standing in the way of Ob amaCare's utter collapse. That is the success of the program. The numbers come in each day and the trend is upward not down.

  • Report this Comment On January 26, 2014, at 7:30 PM, ObamaStinks wrote:

    The ACA...Created and Owned by Democrats - remember that. Vote the Democrat Slime Dogs out of office this year and teach them a lesson

  • Report this Comment On January 26, 2014, at 7:42 PM, doraglasberg wrote:

    ACA is here.

    It's WAY past time to stop with the trainwreck and the milder (milder?) disastrous rollout already.

    It's silly and childish. Now's the time to fix the problems and move on. Obamacare isn't going away.

  • Report this Comment On January 26, 2014, at 7:44 PM, doraglasberg wrote:

    Hey y'all how can you work Benghazi and Monica Lewinsky into this .

    The Obamacare/Trainwreck meme is tired already.

  • Report this Comment On January 26, 2014, at 7:45 PM, EnterpriseGuru wrote:

    The author is so naive and wrong, and obviously did not work for Accenture's IT arm. I worked for two of the old big six and this system is incredibly complex. Eligibility and payments (like unemployment insurance) are some of the most complex enterprise systems and Accenture, like the rest, have miserably failed in this field.

    And his ants? A. You can't put nine pregnant women in a room and get a baby in a month. B. They're all foreigners, and while they work hard, they're doers not thinkers.

    There's no way Acc. gets this done in time. Get it done...at some point, but not by March.

    They only point he's correct on is their stock won't be hit hard.

  • Report this Comment On January 26, 2014, at 7:49 PM, mark636 wrote:

    Im sure glad the media decided to help force this waste of money and time onto our country

  • Report this Comment On January 26, 2014, at 7:55 PM, bsrealist wrote:

    @rationalist. @Makikijoe

    You are kidding us ..RIGHT?? if you actually think ACA is going to work. I have some quick sand in a marsh I want to sell. It looks harmless, until you step in it!

    Both of you need a reality check. You mention Europe and Canada, and their national health care. LOL LMAO!! Do us a favor, GO there!! Look at the waiting periods for surgeries. The unspoken "too old to repair" ideology.

    It is eating up more and more of their GDP. FACT! They are going to have to ....here it comes....raise taxes,..in order to keep it going. Obamacare will drive the USA into a dismal provider system. Doctors are already quitting practices, due to the reimbursement. The 20-30 year olds will NOT sign up for this garbage. You also cited that 3M have signed up. Hhhmmm. Let me give you a clue geniuses! How many of those are signed up for the expanded Medicaid NOT the premium paying?

    Oh you forgot about that part eh??

    Typical clueless left...This abortion of fiscal responsibility will send us into financial oblivion It takes 3-4 years for premiums to catch up with claims. The "sickies" that are rushing to sign up, will escalate the claims. This is nothing but adverse selection. You must love to listen to yourselves , convincing yourselves of delusional rhetoric. Call up Peelosi and Reid , have a bong party.

  • Report this Comment On January 26, 2014, at 8:12 PM, Chaseagee wrote:

    I have noticed one thing different. When the ACA was first out, all the gurus in the stock market were telling everyone to buy into certain Health Care stocks. Now the opinion is changed to wait until they tank.

    the one thing that really bugs me is since 4.9 million lost their insurance and now 3 million have signed up most from reports with prior conditions that could not get insurance, if the ACA does break the insurance industry and is not cost effective, who will pay the difference? You and I in further taxes. A few years back cigarettes were taxed $10 a carton that was to be used for Medicaid. Cant wait to see the bailout.

  • Report this Comment On January 26, 2014, at 8:15 PM, True411 wrote:

    Motley Fool is wrong once again. The only thing standing in the way of a total collapse of ObamaCare is a provision in the law that allows the US Government to bail out the insurers.

    Just what we need too, another bailout.

    Don't forget, it was the democrats that brought you this fiasco.

  • Report this Comment On January 26, 2014, at 8:17 PM, Frankie581000 wrote:

    "CMS said that critical functionality was totally missing from the back-end system, including the ability to track eligibility and enrollment transactions and to pay insurers correctly"......and alot of people still think that this administration isn't liying through thier teeth about Obamacare.....question...as Carney, Obama, Selibus and all the rest of the "gang" has told the American people, if in fact there are "millions" enrolled, where then is the accountability of the money they have "paid" for thier enrollment and were is the accountability of and for the "payments" to the insurance companies? If there is no "back-end..tracking eligibility OR enrollment" of this how then is even ANYONE enrolled let alone "millions".....

  • Report this Comment On January 26, 2014, at 8:22 PM, Kelly wrote:

    There are lots of high-sounding words in this article about how Accenture wouldn't take the job unless it was certain of success and knew what it was up against and blah blah blah add your own high-sounding words here.

    I've never heard of a company turning down a lucrative government contract before. Period.

  • Report this Comment On January 26, 2014, at 8:52 PM, fejmeltonian wrote:

    Obamacare is not now nor has it ever been about healthcare rather it is a liberal's dream to grow government and at the same time grow voters Democrat. Entitlements are Democrat's currency of choice, currency that the American tax payer must pay for. If Obamacare survives then we all will suffer for it.

  • Report this Comment On January 26, 2014, at 8:52 PM, Heidikitty wrote:

    I may as well get a hand in the matter. I think Obama care is a disaster and if we do not do something soon the whole country will be in a disaster situation with Employment, Health Insurance and who knows what else is being swept under the rug or covered up. If We the People can have a say so in this country we will survive and the economy will be better than it ever was.Teach people how to work and be independent. It is a wonderful feeling that you have accomplished something and not dependent on the government for your future.

  • Report this Comment On January 26, 2014, at 9:10 PM, Schnorfo wrote:

    Dear Fool -

    Please just stick to economic news and investing advice. The political propaganda is so clearly myth-based it reads like parodies the Onion publishes. This is just another one. You know simply because the Koch brothers fund you, doesn't mean people will believe you.

  • Report this Comment On January 26, 2014, at 9:22 PM, motleyscrewed wrote:

    ' If it fails, the federal government could be financially harmed.'

    More tMF nonsense. Net created dollars of the federal govt flowing to the private sector cannot harm in any way, a Monetary Sovereign. Wow, $91 million into the private sector. Money that will be spent over and over again or invested over and over again. As usual, writers for tMF are clueless.

  • Report this Comment On January 26, 2014, at 9:50 PM, Lovesmusic wrote:

    So Obamacare was made a "law" in 2010. Since the first phase (enrolling "sign-ups") has been such a disaster and accurate insurer data is still in question, why is this most important phase still not complete?? THREE years have gone by but we have to have an emergency no-bid contract with Accenture to pick up the pieces and put Humpty Dumpty back together again!! Another 91 million of taxpayers hard earned dollars to patch up more Democrat/Obama back burner quick fixes. When will this stop? Oh, yes - Nov. 2014 is coming. Can't wait...

  • Report this Comment On January 26, 2014, at 10:05 PM, vinipoooh wrote:

    We have immigrated from Socialistic Country back in 1988 and watched as it collapsed helplessly. Time had proven many times before that no country prospers where a government takes control because it kills free markets and eliminates accountability.

  • Report this Comment On January 26, 2014, at 10:32 PM, wloyola wrote:

    Wasn't Accenture the old Arthur Anderson consulting? The one that got implicated with Enron?

  • Report this Comment On January 26, 2014, at 11:20 PM, rbreau1 wrote:

    Keith does not fully understand the situation. It is going to be a year or more before the ACA site is functioning properly including security, payments to insurance companies and reports.

    However important the site,it is not going to save ACA. A proper risks pool and higher rates are needed AND doctors willing to care for the clients.

    Without all three of these critical elements the ACA will need taxpayer subsidies and eventually be so unpopular it will die.

  • Report this Comment On January 26, 2014, at 11:24 PM, ezryder wrote:

    What. A. Bunch. Of. Idiots. Do any of you FOOLS understand what would happen to your premiums if there WAS no Obamacare in place? Do you realize where they'd be in 5 years? Do you realize that YOU are getting older too? Yeah - every day! Do you also realize that MOST old people get sick - a lot. Lots of times they get REALLY sick. Cancer. Big, expensive, diseases that WIPE THEM OUT. Are you so STUPID that you think YOU will be spared this, and that your insurance will just keep you on forever, and not continue to go up 30% EVERY YEAR, as it's done for years? You FOOLS need to stop watching Fox News for your hard data. Get real. No one's trying to steal your money and it give it to poor lazy people.

  • Report this Comment On January 26, 2014, at 11:42 PM, BnG wrote:

    "Accenture is a multinational management consulting, technology services and outsourcing company. Incorporated headquarters are in Dublin, Republic of Ireland while operations headquarters are in Chicago, Illinois.

    A Chicago company with an Irish address to dodge taxes. That’s regrettable, but not too surprising. But did this Accenture place happen to have another name? A more familiar name.

    Accenture began as the business and technology consulting division of accounting firm Arthur Andersen. On January 1, 2001 Andersen Consulting adopted its current name, “Accenture”.

    Arthur Andersen? Wait that sounds oddly familiar.

    The U.S. Justice Department today announced the indictment of embattled accounting firm Arthur Andersen on one count of obstruction of justice relating to the collapse of former energy giant Enron Corp.

    The obstruction charge is based on claims that Andersen employees shredded important documents about Enron’s finances, even though they knew the Securities and Exchange Commission was formally looking into Enron. The Justice Department also alleges Andersen employees deleted relevant computer files.

    Andersen served as Enron’s sole auditor throughout the energy giant’s sixteen years, also performing internal audits and consulting services.

    Andersen has recently been involved in several other major auditing scandals. Last year, the SEC fined the firm $7 million for ‘improper professional conduct’, including overstating client Waste Management’s earnings by $1.4 billion. It was the first successful case against an auditor in over 20 years. In May 2001, Anderson also paid $110 million to Sunbeam shareholders to settle lawsuits stemming from its inflated earnings statements.

    Andersen and Enron both had deep ties to the Democratic Party and Accenture spends a lot of money on lobbying. The top recipient for Accenture donations is an obscure Chicago politician named Barack Obama."

    - Daniel Greenfield

  • Report this Comment On January 26, 2014, at 11:55 PM, OttoZilch wrote:

    If the site isn't secure, people won't use it. The first users will essentially be the beta testers that were never properly used before the site was launched. Nightmare stories will continue, both regarding site security and the disastrous program itself. If they'd gone with Accenture in the first place, they might have had a chance but as an IT person I doubt they'll be the miracle needed.

  • Report this Comment On January 27, 2014, at 1:33 AM, duchieng wrote:

    It's unfortunate that some Americans are opposed to Obamacare. I believe health care should be a priority to a nation. In most nation of the world health care takes a chunk of their budget. Ensuring population health should be a priority of any noble president. Obama is the president who shares the feelings of the poor - those who live in America, pay taxes but are denied health insurance. My friend fell down and broke his teeth while working in a restaurant. He was taken to Shady Grove Adventist hospital in Maryland but he was given only pain killer without detailed medical examination, just because he did not have health insurance ! If you were the one, what would you think ? Those who are opposing Obamacare are so rich that they can fly their own plane. They don't need health insurance because they have the money.

    I enrolled for health insurance through the Maryland exchange but when I wanted to pay for my first insurance premium with CareFirst, they played bureaucratic trickery to deny my payment despite giving me deadline to pay by January, 15 2014. They promised to call me but since then no body has called to clarify the status of my insurance. It's inhuman to live in a super power nation without health insurance, yet I pay tax to the government. Whatever the case, the poor are praying to the Almighty God, Obamacare is here to stay !! God bless America.

  • Report this Comment On January 27, 2014, at 1:56 AM, bobwhite9443 wrote:

    wtru65 wrote that the people approved A.C.A. by voting for Obama twice. Wrong. The people were never given the details of how it works. Even the politicians who voted for it never "read the bill" because "you had to pass it to find out what was in it" per Pelosi. That was because it was written in legislative language that had to be codified and even that had to be re-interpreted over and over. So no one had a chance to see just how destructive this law would be. If it came up for a popular vote right now it would be emphatically voted down, you can bet on that. The Democrats have put the entire health system of the country at risk due to the failure HHS and the Administration incompetence in setting up the necessary system to implement it as well as the misrepresentation of the whole damn thing.

  • Report this Comment On January 27, 2014, at 7:24 AM, puppybone69 wrote:

    I'm glad I'm exempt and can just sit back and watch the train wreck while everyone else rants and raves about it. It's really quite comical how so many people march in lock step like lemmings to their deaths, knowing all along that's where they're heading, and yet they still choose to follow the herd mentality.

  • Report this Comment On January 27, 2014, at 7:32 AM, DrG wrote:

    When other contractors don't deliver the goods and on time it is deducted from what they are paid. How did AGI walk away with so much money for a failed product????

  • Report this Comment On January 27, 2014, at 8:19 AM, TomPaine02 wrote:

    I have also worked with Accenture consultants and I am not so optimistic about them pulling this off. They will bring some excellent talent to bear on this as well as a lot of young college kids who are basically inexperienced but can ring up the hours. They are basically an offshoot of Andersen Consulting who I have little respect for. The main point and this applies to all consultants especially on a project like this is that they are only as good as the client they are working with. The clint here is the federal government and the main goal of a worker there is to avoid responsibility and accountability. Good luck Accenture.

  • Report this Comment On January 27, 2014, at 9:18 AM, mumsie wrote:

    We are the only First World Country that allows medical to be a for profit operation. The other countries admit their system has some problems that need periodically to be dealt with but at least it isn't like ours. The biggest problem with Obama Care and Medical in general is allowing nearly half of our medical dollars to be syphoned off into investor and corporate pockets. We rank just above developing countries worldwide in quality and availability of medical care. Our life span and infant death rate lags behind all the countries with non-profit medicine and single payer insurance. Americans are too dumb to know when they are being fleeced.

  • Report this Comment On January 27, 2014, at 9:44 AM, bc3b wrote:

    The only thing worse than Obama is cowardly establishment Republicans like McConnell and Boehner who don't have the courage to oppose him.

  • Report this Comment On January 27, 2014, at 9:55 AM, nmwander wrote:

    Uh....

    Isnt Accenture the company responsible for the fraudulent book-keeping that eventually caused Enron to collapse>>>?

  • Report this Comment On January 27, 2014, at 10:01 AM, Mathman6577 wrote:

    There is a lot more than Accenture holding back the success of the ACA ..... high premiums, high deductibles, not enough healthy young people signing up, the web site, the list goes on and on and ....

  • Report this Comment On January 27, 2014, at 10:05 AM, sogole wrote:

    It might work if the economy was strong,but people are living paycheck to paycheck.

  • Report this Comment On January 27, 2014, at 10:09 AM, investorL2014 wrote:

    "Without it, the entirety of Obamacare is in jeopardy. Without it, the entire health-insurance industry could be at risk. If it fails, the federal government could be financially harmed."

    Greed, communism, and socialism have consequences. Free thinkers aren't buying into the transformation of the USA. The greedy insurance industry needs to "take it on the chin". We're "taking it" in our wallets. Time to reassess and go back to the drawing board.

  • Report this Comment On January 27, 2014, at 10:21 AM, skrunyan wrote:

    Just wait for the employer madate. The whole thing will turn south and we will be herded into single payer. Can anyone say 'death panels'?

  • Report this Comment On January 27, 2014, at 10:49 AM, rbreau1 wrote:

    The answer is from the government and you give it consideration??? The only thing that will save the ACA is first a bailout of insurance companies and after that higher rates....

  • Report this Comment On January 27, 2014, at 11:21 AM, efree84 wrote:

    WHY DO WE COMPARE OUR COUNTRY TO OTHER EUROPEAN COUNTRIES!

    U.S.A. HAS OVER 330 MILLION WHILE MOST EUROPEAN COUNTRIES HAVE LESS THAN 30 MILLION! NO EXTREME LARGE COUNTRY HAS

    EVER TOOK ON THIS BIG OF A COMPLEX ISSUE!

    WE DO NOT NEED MORE SOCIAL PROGRAMS THAT WILL MAKE US MORE DEPENDANT &

    LAZY FOR MEDICAID! OBAMACARE WILL FAIL

    BECAUSE ITS CAUSING TO MUCH CONFUSION!

  • Report this Comment On January 27, 2014, at 11:46 AM, Scottdavin wrote:

    The thing keeping Obamacare from complete collapse is the American media. If this were a Republican passed bill and it was as useless and costly as it is the media would be bashing it daily, hourly even, and it would have already failed.

    Since nearly every media outlet is in the bag for Obama and soon to be for Hillary, it is still alive, if only on life support.

    If America does not demand better in the 2014 midterm elections then I don't know what to say about us.

    "The Notley Fool" should be our President's nickname, you guys should give up the rights to your website and give it to Owebama

  • Report this Comment On January 27, 2014, at 12:34 PM, michaelmar wrote:

    To the poster mjc84 who said the ACA was approved in 2 elections...no, it was not...what was approved was a plan where you would not lose your coverage and could keep your doctors and would cost less than before. Of course that was all a deliberate lie to get the President re-elected,and when the ACA actually does any of that, then it can be considered approved by the voters twice.

    They say that now lots of younger people are signing up, but never tell us if they are the healthy ones or those that know they will benefit immediately...anyone care to guess which since the Administration can't or won't tell us?

  • Report this Comment On January 27, 2014, at 1:23 PM, AllenElliott wrote:

    How little it takes to throw out the constitution, how long before he becomes a dictator like his beloved Fidel Castro?

  • Report this Comment On January 27, 2014, at 1:30 PM, yakimajack wrote:

    the GOP

  • Report this Comment On January 27, 2014, at 1:31 PM, c06u wrote:

    Google unitedhealthcare/aarp

    they are married and in fact aarp roots are from unitedhealthcare. now you know why they lobbied so hard for Obama care, why do the fools in this country still sign up in droves for aarp?

  • Report this Comment On January 27, 2014, at 2:26 PM, thomasbleser wrote:

    I wasn't sick when I started readinbg this article but I am now. What sort of ghoul looks for investment opportunities in a monumental disaster like the total collapse of health care in an advanced and otherwise prosperous country?

  • Report this Comment On January 27, 2014, at 3:16 PM, DKRIEB wrote:

    Anyone that compares Obamacare to Medicare or Social Security is wrong. Both of those programs affect only the older population which is a lot smaller segment of the economy as compared to ACA. This program touches everybody and you can see how that's working out for the people that lost their insurance. This folly will come to an end sooner than later.

  • Report this Comment On January 27, 2014, at 3:18 PM, DKRIEB wrote:

    And so will the Democratic (Socialist) party come to an abrupt end.

  • Report this Comment On January 27, 2014, at 3:49 PM, Sharpone2 wrote:

    Easy to criticize, but almost impossible to call for improvements without guidance from Faux. It's not going to be repealed without something to replace it. Calling it socialist or communist sure helps. After the repeal, how do we want to handle people who have no insurance? If you don't have insurance, don't call a doctor or show up at a hospital looking for help because we don't owe you. Please sign up.

  • Report this Comment On January 27, 2014, at 4:04 PM, tdjjr wrote:

    No way can it be sustainable. People are paying 1000.00 a month for insurance and doctor bills and services exceed that amount 10 times that. That is why the insurance companies need the younger crowd to pay for the premiums so that they will break even. However, if the younger crowd was smart they stay as far away as possible to Obamacare/ACA. DO NOT JOIN UP. Period

  • Report this Comment On January 27, 2014, at 4:06 PM, RickLV wrote:

    Uh oh, the young aren't signing up in large enough numbers to sustain the Democrat's latest socialist disaster.. Looks like Obsmacare will run out of "other people's money" sooner than later.

  • Report this Comment On January 27, 2014, at 4:24 PM, deepestvalue wrote:

    The one true thing that will collapse the ACA is simple math. It is like making a law that 2+2 = 5. The law gets passed and implemented BUT the math does not work out. If we cover pre-existing conditions, many of us will not pay for health insurance till we get sick.

Add your comment.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2809878, ~/Articles/ArticleHandler.aspx, 9/1/2014 7:28:09 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...


Advertisement