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joether -> RE: Another reason to repeal Obamacare (9/15/2011 12:55:45 PM)
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quote:
ORIGINAL: Sanity
Its as if this administration is purposely trying to break us as a nation:
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AP Exclusive: Long-term care plan alarms ignored
WASHINGTON (AP) -- Even as leading Democrats offered assurances to the contrary, government experts repeatedly warned that a new long-term care insurance plan could go belly up, saddling taxpayers with another underfunded benefit program, according to emails disclosed by congressional investigators.
Part of President Barack Obama's health care law, the program is in limbo as a congressional debt panel searches for budget savings and behind the scenes, administration officials scramble to find a viable financing formula.
A longstanding priority of the late Sen. Edward M. Kennedy, D-Mass., the Community Living Assistance Services and Supports program, or CLASS, was spliced into the health care law despite nagging budget worries. Administration emails and documents reveal that alarms were sounded earlier and more widely than previously thought. Congressional Republicans seeking repeal of the program provided the materials to The Associated Press. "Seems like a recipe for disaster to me," William Marton, a senior aging policy official in the administration, wrote in an October 2009 email. Marton explained his concern that large numbers of healthy people would not willingly sign up for CLASS, creating a predicament in which soaring premiums for a smaller group of frail beneficiaries would destabilize the program.
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CLASS was intended as voluntary long-term care insurance plan, supported by premiums, not taxpayer dollars. Workers would pay an affordable sum of around $100 a month or less. In exchange, they would receive a modest daily cash benefit averaging no less than $50 if they become disabled later in life. Beneficiaries could use the money for services to help them stay at home, or to help with nursing home bills. The Health and Human Services Department is supposed to set the final premiums and benefit levels in the coming months.
But the program is on a collision course with powerful demographic and economic forces. How to pay the exorbitant cost of long-term care remains a major unmet need for an aging society. On the other hand, many economic experts believe the government has already promised seniors more than it can deliver, and now is not the time to launch another program likely to need a taxpayer bailout or new mandates.
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Publicly, the administration maintained it would all work out. A December 2009 presentation for senior officials stressed the end result would be a financially robust program.
In private, administration insiders were still spelling out concerns...
Full article here
Another reason to read the bill BEFORE you find out whats in it, as well
And did you read the bill, Sanity? There's a MOUNTAIN of evidence on these forums that point that you never read the actual bill. Nor the one the House and Senate voted on in seperate votes before agreeing on the A.A.C.A. of 2010. Based on that, its good money that says you never read the President's bill. I read all those bills. Ever read the A.R.R.A? Do you know what that stands for Sanity and what it covers?
The A.A.C.A. is an 'ok' bill that could have been better. However, the President decided to try to be bipartisan towards a group of Republicans that seek to undermine the nation in every manner. The President's bill was much better than the current bill on the books. But since you (like 97% of conservatives in the nation) never read the bill to know why.
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