Friday, September 23, 2011

CLASS Dismissed

We get results:

"The Obama administration is reassigning the workers in the office that was developing the Community Living Assistance Services and Supports (CLASS) Act long term care benefits plan."

"Reassigning," hunh?

Sounds innocuous enough, right?


"[T]he office was being “reduced.”

I bet.

Never fear, though, HHS Secretary Shecantbeserious' spokescritter assures us that "the office is not closing and that HHS is continuing its analysis of the CLASS Act program."


Perhaps we can save Ms Shecantbeserious (and the taxpayers) some time and money:

"[A] plan that's guaranteed issue, with (ostensibly) no waiting or elimination period and "unlimited" benefits is not exactly a candidate for "most stable rates." In fact, the only real "certainty" is that rates will increase, perhaps quickly and dramatically, as those least able to find real long term care insurance (LTCi) flock to the government plan."
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