Sen. Dick Durbin (D-IL) says Obamacare, also known as the Affordable Care Act, is on its way to ‘substantial success.’ It should be noted that some venture capitalists also think so. Sen. Durbin appeared on “Fox News Sunday,” where he acknowledged the problems with the roll-out of President Obama’s signature legislation. There are media reports that said 476,000 applications were filed on the website since the launch date.

Durbin and other defenders of the law have claimed that some of the problems with the website have been due to a surge in traffic, which they say represents intense public interest.

On Saturday evening, the administration announced that 476,000 people had successfully applied for insurance through the government site. However, the Department of Health and Human Services did not disclose precisely how many of those applicants were successfully signed up for insurance.

Lisa Suennen, co-founder of venture capitalist firm Psilos Group, told CNBC that Obamacare will be a boon for them, if they make the right choices.

“This is the greatest opportunity I’ve seen in my lifetime. It’s the first time we are seeing really fundamental changes happen. And there’s a lot of money that can be made as this chaos is sorted out,” said Lisa Suennen, the co-founder and managing member of Psilos Group, a health-care-focused venture capital firm.

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“Just like when the Internet first came about, it was the guys who built routers and servers that made all the money it will be the guys building the backbones and enterprise software systems for these exchanges that will make a lot of money,” said Suennen.

Comcast Ventures also stands to make a lot of money when Obamacare gains steam:

Data companies also will be key in helping companies decide whether or not they should adopt a private exchange or keep their health plans, said Michael Yang, managing director of Comcast Ventures.

 

Basically, employers will need to figure out which health-care option is more affordable for them to provide and that creates demand for companies that can analyze data about their current and past employees, Yang said.

This was cross-posted from The Hinterland Gazette.