Tuesday, October 04, 2011

Obama Admin defunds a piece of Obamacare

The Obama administration has killed the CLASS program, one of the many financially-unsustainable pieces of Obamacare. The Wall Street Journal writes:
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.
With a bipartisan-consensus that Class is a fiscal disaster, will Congress repeal Class? The Wall Street Journal says probably not:
All of this would seem to make repealing Class an easy vote for Congress, but, this being Washington, it isn't. Since the CBO says Class's front-loaded collections cut the deficit to the tune of that $86 billion, HHS has to pretend that the program is still alive to preserve these phantom savings.

Some Republicans are also nervous about repealing Class because, under CBO's perverse scoring, they'll be adding $86 billion to the deficit.

Read the whole thing.

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