Federal officials recently stopped plans to implement the Community Living Assistance Services and Supports (CLASS) program. This government-run long-term care insurance model has been the subject of an intense evaluation by Health and Human Services (HHS) since the health care law passed in 2010. But after numerous studies and redesign plans, the CLASS program was deemed fiscally unsound.<\/p>\n
HHS heeded warnings by the actuary for Medicare and Medicaid that the program was likely to be insolvent, which would cause premiums to rise for individuals who sign up for the program. As the costs increased, the projected $50 a day benefit would not have been enough to attract healthy, young people to pay for the long-term care program. After much debate, CLASS could not be proven to \u201c\u2026be self-sustaining, financially sound for 75 years, or affordable to consumers.\u201d<\/p>\n
Though CLASS has been cut, the rest of the 2010 health care act remains in place, (more…)<\/span><\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Federal officials recently stopped plans to implement the Community Living Assistance Services and Supports (CLASS) program. This government-run long-term care insurance model has been the subject of an intense evaluation by Health and Human Services (HHS) since the health care…<\/span><\/p>\n