Obamacare Is in Real Trouble: Hunt

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Oct. 21 (Bloomberg) –- Bloomberg’s Al Hunt discusses the computer glitches affecting the government’s website for health insurance exchanges. He speaks with Erik Schatzker on Bloomberg Television's "Market Makers." (Source: Bloomberg)

As he told us, it's a lot more than just a website and insist the plans are good, the prices are good, and people actually want to buy it.

Needless to say, has not been working as well as it hope.

Let's bring in al hunt.

You heard the president.

Did he score points with americans, which is clearly what he hoped to do, or did he give ammunition to his critics?

I thought his explanation was a compelling.

I think the call ends are good, the male ones are good, but still, the bottom line is if in six or seven weeks, this application process is not working more smoothly, the federal exchanges are not functioning, this program is in real trouble.

He realizes that.

Have patience, but patience is limited.

I can't think of anything the government has any tried -- has ever tried to do, a consumer initiative that requires this much technological support.

Is it fair to say the federal government is in unchartered waters here and it's predictable -- it's hard to predict how long it will take to fix?

I'm sure the mobilization efforts were precomputer and world war ii were as quick and fast.

Medicare, not quite as big, but still quite a challenge 50 years ago.

This is unchartered water, but as i said, they've had three and half years to get this ready area -- to get this ready.

They should have been further along.

When the president says we're doing everything we possibly can, what does he mean?

I think they have pulled an outside and inside resources and put out the let's make this work in the next six weeks and they've got as much expert help as they can.

We're going to leave it there for the time being.

Al hunt sharing with us some

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