Once again, the needs of an aging nation in terms of support for long term care have been pushed aside with HHS Secretary Kathleen Sibelius’ announcement that the Obama Administration will not proceed with plans to implement a federally coordinated, voluntary national long term care insurance plan – known as the CLASS act
According to today’s Wall Street Journal, HHS officials gave up after “actuaries spent 19 months attempting to design a voluntary long-term care insurance program that met the requirements of the law.” That called for making sure the program would remain fiscally solvent and pay for itself for at least 75 years.
Although the Class Act provision is little linked to the Affordable Care Act provision around providing basic health insurance universally, its demise has inched open further the door to those who seeking to dismantle all of ACA piece by piece. Senate Minority Leader Mitch McConnell (R., Ky.) said. “It is worth remembering that the Class Act is only one of the unwise, unsustainable components of an unwise, unsustainable law.”
Just what is unwise and unsustainable in your opinion: providing basic coverage and seeking a collective and shared solution to an aging society? Or doing nothing?