Employee Benefit
The Phony CLASS Act Scandal
Forbes — http://www.forbes.com/sites/howardgleckman/2011/09/16/the-phony-class-act-scandal/
Read MoreHow the Bay Area can afford old age
San Francisco Bay Area — http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2011/09/15/EDQD1L44TR.DTL
Read MoreHealth-Care Law’s LTC Program Unsustainable, Republicans Say
AdvisorOne — http://www.advisorone.com/2011/09/15/health-care-laws-ltc-program-unsustainable-republi
Read MoreFew Texans Getting Long-Term Care Insurance
In a column in the Fort Worth Star Telegram (9/16), Teresa Mcusic writes Texas “is having a tough time” on enrolling people in its three year old “long-term care insurance partnership program that help buyers protect assets if they need to apply for Medicaid,” with only 10,443 partnership policies sold through the end of last year. “Texans are not generally buying policies with this benefit in mind.” At issue can be the premium costs, which “aren’t cheap,” or “finding coverage” due to “aggressive underwriting health qualifications that can be difficult for many to meet.” Full article...
Read MoreReport Elicits Renewed Criticism Of CLASS Program
Politico (9/16, Kenen) says, “A new report adds fresh details to the conventional wisdom that a new long-term care insurance program is fiscally out of whack — but there’s also widespread agreement among experts that there are lots of ways to try to fix it.” The data, released by congressional Republicans, “lambasted” the Community Living Assistance Support and Stability (CLASS) “program as a boondoggle that Democrats rammed through Congress during health reform while knowing full well it would be a fiscal time bomb.” Politico notes that HHS Secretary Kathleen Sebelius has stated that “the law — modified after...
Read MoreCLASS Act Report
http://energycommerce.house.gov/media/file/pdfs/class/classuntoldstoryreport.pdf
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