Saturday, October 15

'unraveling'

I love how Drudge headlines this:
Nevermind that the Long Term Care program for Seniors, known by the acronym Class, was folded a long time ago.

From the Wall Street Journal, dated October 4, 2011:
"The Health and Human Services Department recently shut down a government insurance program for long-term care, known by the acronym Class. HHS also released a statement claiming that reports that HHS is shutting down Class are "not accurate." All HHS did was suspend Class policy planning, told Senate Democrats to zero out Class funding for 2012, reassigned Class's career staffers to other projects and pink-slipped the program's chief actuary. Other than that, it's full-speed ahead."
Class was added as a budget gimmick by the Democrats because they knew that Obamacare was going to break the bank.  The 'Party of the People,' right?

There's more:
"Benefits in the Class program, which was supposed to start up next year, are rigged by an unusual five-year vesting period. So the people who sign up begin paying premiums immediately—money that Democrats planned to spend immediately on other things, as if the back-loaded payments to Class beneficiaries would never come due. The $86 billion or so that would have built up between 2012 and 2021 with the five-year lead is supposed to help finance the rest of ObamaCare. The Class program would go broke sometime in the next decade, but that would be somebody else's problem."
Yeah. America's problem.  Republicans need to repeal Class and let's hope and pray that the electorate votes out the Democrats in 2012 as an act of 'fiscal hygiene.' 

2 Comments:

Blogger JasMars said...

Obamacare: scourge of this great land.

We will take it apart piece by GD piece.

Half of the so called savings were to be derived from the CLASS program which the department of HHS suddenly turns around and realizes is un-fundable and untenable.

11:38 PM  
Blogger Kent said...

And this law was crafted by the so-called 'party of the people' and a president that promised 'hope and change.'

1:36 PM  

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