Yesterday John Hinderaker at Power Line reported that the Community Living Assistance Services and Supports (CLASS) Act, a part of Obamacare that played a major part in getting the bill through Congress, may never come into existence. The Class Act is described in the article as:
an optional, government-backed, long-term care insurance program that would pay a daily or monthly benefit to enrolled subscribers if they become unable to perform activities of daily living, such as dressing, meal preparation, and personal grooming.
Because taxpayers had to pay into the program for five years before they were ‘vested,’ the money collected during that first five years was calculated by the Congressional Budget Office (CBO) as $70 billion in deficit reduction.
The article reports:
Now, two years later, no one disputes that the Obama administration’s assurances about the viability of the CLASS Act were false. In fact, in February of this year, HHS Secretary Kathleen Sebelius testified before Congress that the program is “totally unsustainable” in its current form. So much for the $70 billion in “deficit reduction” that was an rationale for adoption of Obamacare!
It was all done with smoke and mirrors–let’s repeal the whole Obamacare thing!