Paul Singer: Obamacare rollout a 'fiasco'

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Obamacare rollout a 'fiasco' comment is classic Paul Singer

Hedge fund manager and billionaire conservative Paul Singer thinks the Affordable Care Act is a disaster.

"It is no surprise, given the highly ideological component of its founding impulse as well as the lack of executive experience in its inventors, that the rollout of the national electronic network just weeks ago would turn into a (possibly temporary, but more likely ongoing) fiasco," Singer wrote in a letter to Elliott Management investors obtained by CNBC.com

"(It) may just be the introduction to the surprises and frustrations that are likely to befall tens of millions of Americans in the next few years."