◼ HHS report recommends closing Obamacare program - Philip Klein/Washington Examiner
One reason why the Obama administration has been reluctant to officially shut down the program is that it was one of the main accounting gimmicks they used during the health care debate. Because the CLASS Act was supposed to collect five years of premiums before paying out any benefits, the Democrats have been claim $80 billion in short-term surplus from the program as deficit reduction, ignoring the obvious fact that the money would eventually have to pay for benefits. It’s been called a “budget zombie.”
◼ Obama pulls plug on part of health overhaul law - AP
◼ A total debacle. And the punchline is, everyone saw it coming — including the Democrats who went ahead and voted anyway to bring this Frankenstein to life. - HotAir
◼ Here’s the detailed HHS report prepared concluding that the CLASS program couldn’t work. One of the fears raised is that if it were implemented and failed, it would be problematic to shut down. - Scribd document
◼ Long after Obamacare was passed and signed into, even prominent supporters of the bill acknowledged that the CLASS Act was a financial disaster waiting to happen.
