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<blockquote data-quote="moreluck" data-source="post: 889037" data-attributes="member: 1246">Oh My: Obama Admin Announces It’s Dropping Major Component Of Obamacare…Friday news dump.WASHINGTON (AP) — The Obama administration says it is unable to go forward with a major program in the president’s signature health care overhaul law — a new long-term care insurance plan.

Officials said Friday the long-term care program has critical design flaws that can’t be fixed to make it financially self-sustaining.

Health and Human Services Secretary Kathleen Sebelius told Congress in a letter that she does not see a viable path forward at this time. By law, implementation of the program was contingent on Sebelius certifying it financially sound.

The program was supposed to be a voluntary insurance plan for working adults regardless of age or health. Workers would pay an affordable monthly premium during their careers, and could collect a modest daily cash benefit if they became disabled later in life.

The problem all along has been how to ensure enough healthy people would sign up.

A longstanding priority of the late Sen. Edward M. Kennedy, D-Mass., the Community Living Assistance Services and Supports program, or CLASS, was spliced into the health care law despite nagging budget worries
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[QUOTE="moreluck, post: 889037, member: 1246"] Oh My: Obama Admin Announces It’s Dropping Major Component Of Obamacare… Friday news dump. [INDENT][COLOR=#990000]WASHINGTON (AP)[/COLOR] — The Obama administration says it is unable to go forward with a major program in the president’s signature health care overhaul law — a new long-term care insurance plan. Officials said Friday the long-term care program has critical design flaws that can’t be fixed to make it financially self-sustaining. Health and Human Services Secretary Kathleen Sebelius told Congress in a letter that she does not see a viable path forward at this time. By law, implementation of the program was contingent on Sebelius certifying it financially sound. The program was supposed to be a voluntary insurance plan for working adults regardless of age or health. Workers would pay an affordable monthly premium during their careers, and could collect a modest daily cash benefit if they became disabled later in life. The problem all along has been how to ensure enough healthy people would sign up. A longstanding priority of the late Sen. Edward M. Kennedy, D-Mass., the Community Living Assistance Services and Supports program, or CLASS, was spliced into the health care law despite nagging budget worries [/INDENT] [/QUOTE]

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