Tuesday, February 22, 2011

HHS Admits CLASS is Unsustainable

In a remarkable about face, HHS Secretary Sebelius admitted that CLASS, the taxpayer funded long term care program, is a Ponzi scheme. According to her testimony, CLASS, as it currently exists, is unsustainable.

The CLASS long term care insurance program is being canned before it ever got off the ground.

While it is good that the Obama administration recognizes and admits the plan is not sustainable, you have to ask yourself how much due diligence was done before the plan was actually written and enacted in to law? If they can be so far off in their financial calculations on a relatively small program, how much did they miss the mark on the wholesale takeover of health care for everyone under Obamacrap?

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