Long-term care, the other new entitlement: "nside the House and Senate health care bills lurks a ticking time bomb - a new federal entitlement, under the Community Living Assistance Services and Supports (CLASS) Act, that would allow Americans to buy into a voluntary federal long-term care insurance program.
The main problem, as Josh Gordon, policy director for the fiscal-watchdog group the Concord Coalition, noted, is that CLASS, which has passed 'below the radar' of most Americans, is a poorly designed 'gimmick.' While Washington would start collecting CLASS premiums in 2011, CLASS would not pay benefits for five years. So, because it charges for 10 years, but only pays out in five, CLASS appears to be a deficit cutter in the health care bill's 10-year budget window."
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