The CLASS Act is part of the legislative legacy of Senator Ted Kennedy, is an important legislative piece for planning for the long-term care needs of our country and is included in both the Senate and the House versions of health care reform.
Bonnie Burns posted this summary of the CLASS Act — it gives a broad overview of the major provisions of the Act, with notations where the Senate and House versions differed as of its writing on January 15, 2010.
January 31st, 2010 at 11:05 am
The CLASS Act may open the door to substantial adverse selection risk because it allows most anyone to access the long-term care (LTC) program yet also makes the program voluntary. In other words, those most in need are likely to sign up, while others opt out, raising the cost of the overall pool. Is auto-enrollment the answer? See http:www.healthcaretownhall.com?p=1991