Thursday, December 8, 2011

The CLASS Act: Time to Repeal It.

I was recently interviewed for an article asking why won't Congress repeal the CLASS program, a part of Obamacare that the U.S. Secretary of Health & Human Services has dictated cannot proceed.  The CLASS program was an unsound long-term care benefit that independent analysts had recognized as impossible since the beginning.

The CLASS program has only been killed because Congress, in an extremely rare example of probity, required the Secretary of HHS to determine that CLASS would be actuarially sound for 75 years. If Congress had required this of the rest of Obamacare, the whole thing would have been administratively rescinded at the same time

Read the entire article here.

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