Crucial Obamacare financial technology still unfinished: U.S. official
By David Morgan WASHINGTON (Reuters) – Up to 40 percent of the technology needed to run the new Obamacare health insurance marketplace has not yet been built and will not be ready when insurance companies start sending in bills when coverage begins January 1, the project manager of HealthCare.gov told the U.S. Congress on Tuesday. The missing “back-end” technology may not be ready until mid-January, Henry Chao, deputy chief information officer for Centers for Medicare and Medicaid Services, told a House of Representatives oversight subcommittee. The disclosure added to an atmosphere of uncertainty that has engulfed President Barack Obama’s signature domestic policy achievement since HealthCare.gov crashed soon after its October 1 launch. The absence of the back-end technology behind healthcare marketplaces that have sprung up in all 50 states and the District of Columbia does not prevent consumers from enrolling for coverage through market portals such as HealthCare.gov.