Following Friday’s exuberance, the markets traded in an extraordinarily narrow range Monday with the S&P futures having their lowest non-holiday volume so far this year. Even with all the senseless chatter from the Fed’ talking heads, it was basically a snooze fest for traders. With no major economic data releases scheduled this week, the somnolent markets could continue.
From sleepy trading to nightmare reality, it’s time to check in with Obamacare. The latest news…there’s no way to tell how many people who think they enrolled for health insurance through the website actually have. This realization comes upon learning that 1 in 4 files sent to insurers have garbled and incomplete information. Great!
We should take comfort that the data transmission errors have been reduced to 1 in 10 since Nov. 30, the government said on Dec. 6. Letters from insurers confirming coverage can take a week or more, and the Obama administration now says people should call their companies if they aren’t contacted within that time.
Because nothing inspires confidence in the American public like telling them to pick up the phone and talk to some customer service call center. As things continue to go terribly wrong, there is one group benefiting from this s%&#t show…crisis management consultants.
According to Politico, the botched launch of Healthcare.gov has become an instant classic. The ultimate illustrative example of what not to do when everything goes wrong. Experts are eagerly cashing on the administration’s missteps by offering critiques to their clients on the basic rules of crisis management.
Who am I to tell a company how to spend their money, but you don’t need to pay a high priced consultant hundreds of dollars an hour to learn that the Obama administration didn’t exactly employ crisis management best practices. You could probably find any third grader to draw the same conclusions.