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Say good bye to the long term care plan. Not enough money and design flaws.
Will health insurance follow? Ha, that would be something.
Will health insurance follow? Ha, that would be something.
NO NO Long Term Care Plan
- Thread starter CHUMPS FROM OXFORD
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Ref: Major program from health care law abandoned - CBS News
I got a kick out of reading this article. The plan failed before it started because the government didn't know how to enroll people for it. What dumb arses! All they had to do was contract with professional agents and brokers to sell the thing. For 80% First Year / 20% Renewal, I would have given it a shot. The $50 daily benefit was a bit anemic though..qualifying for benefits would have also probably been tough..just like it is with Social Security Disability.
If the Supreme Court strikes down the insurance purchase mandate, we will indeed see the entire Healthcare Reform package die in the same manner as this Long Term Care component.
-ac
I got a kick out of reading this article. The plan failed before it started because the government didn't know how to enroll people for it. What dumb arses! All they had to do was contract with professional agents and brokers to sell the thing. For 80% First Year / 20% Renewal, I would have given it a shot. The $50 daily benefit was a bit anemic though..qualifying for benefits would have also probably been tough..just like it is with Social Security Disability.
If the Supreme Court strikes down the insurance purchase mandate, we will indeed see the entire Healthcare Reform package die in the same manner as this Long Term Care component.
-ac
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They basically did at the end of the article.
A bill designed, passed, and promoted by Dems; but its the Reps fault its insolvent...
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Ohhhhhh bama
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I'm confused. Wasn't this passed by Congress and signed by the President? That makes it LAW.
How does a department head decide it needs to go?
Rick
How does a department head decide it needs to go?
Rick
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There's a trigger provision in the law that says that the HHS head must certify that it is financially solvent, or else it can be stopped administratively. They didn't quite think this one through.
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I love the following comment to the story you provided a link to. It says, "The CLASS Act portion of the bill symbolizes the corruption running through the entire "pass-it-so-you-can-see-what's-in-it" Obamacare legislation. Seriously, if our political leaders won't acknowledge that premiums only partially covering future payment obligations cannot count as "deficit reduction" then we are lost. And consider this indisputable fact... under any one or more of a dozen laws and SEC regulations, no CEO of a publicly-traded corporation would have been permitted to make the grossly distorted cost projections Obama spewed on an almost daily basis. They wanted this legislation not because it represented an "improvement" in the sense understood by ordinary Americans, but rather because they wanted the redistributive power built into it."
I couldn't have said it better myself.
G
Guest
Guest
As stated here, and on the Sunday talk shows, much of the initial funding for HCR was to be funded by CLASS premiums. They never said where that money is going to come from now. Maybe Warren Buffet would like to contribute?
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