There has been some talk about the CLASS Act (CA) in the news as it is going to be scrapped. Right now, no one seems to be asking more questions. I don't know why.
Lots of posters on this board think the reform bill is a great thing. Lots think it is BO's greates accomplishment to date. I wonder if any will have the courage to admit now how horrible this thing really is.
We can use the CA as a microcosm of the entire bill. But lets look at a few points about it:
1) The BO admin was told by outside actuarial firms as well as in house economic forecastors months before the bill was signed, that the CA portion was unsustainable and based on impossible forecasts. It was included anyway.
So why did BO include it anyway?
2) The plan had a requirement (never mentioned publicly and actually flagrantly misled about as the plan was touted to not have any pre-existing exclusions) that premiums had to be paid for 5 years before any benefits would be paid. Therefore, the BO admin used the estimated premiums from some ******** estimate of the number of people that would enroll in the coverage at some premium amount that was unknown to anyone and used a figure of over $80 B in savings as a result of the program over the next decade. Knowing full well that once the benefits had to be paid there would be no savings in the program and that the CA would actually be insolvent by 2025 which was outside of the 10 year window CBO uses. They just lied about the program to find another $80B in supposed savings so they could get people like a lot of posters on here to think it was a great plan.
3) Sebellius is on record as saying that they studied the CA issue for over a year before including it in the bill and then told congress within months of the passage of the bill that the CA plan would not work as defined in the bill, but that she thought they could make it work with some minor tweaks. How in the hell can someone keep thier job when they study a program for a year and then admit within months of it becoming law that it really won't work.
Surely now the BO admin will go on record as saying their original forecasts for the cost implications of the bill would have to be redone as a result of cancelling the CA. Nope.
4) Now that the plan is being scrapped, the CBO is saying it has "no effect" on the costs of the overall bill as it hadn't been implemented yet. Of course, they ignore the fact that the CA was counted on for over $80B in savings when the plan was sold to the public.
How can this not disgust everyone? They literally put people in jail that do this type of stuff in the business world.
Many were opposed to this bill from its inception because we said that it didnt make any sense and the numbers were completely bogus. All we heard in response was that we were either racists or wanted the status quo. Of course neither was the case. We just didnt want this bill.
And this is supposedly BO's greates accomplishment.
Lots of posters on this board think the reform bill is a great thing. Lots think it is BO's greates accomplishment to date. I wonder if any will have the courage to admit now how horrible this thing really is.
We can use the CA as a microcosm of the entire bill. But lets look at a few points about it:
1) The BO admin was told by outside actuarial firms as well as in house economic forecastors months before the bill was signed, that the CA portion was unsustainable and based on impossible forecasts. It was included anyway.
So why did BO include it anyway?
2) The plan had a requirement (never mentioned publicly and actually flagrantly misled about as the plan was touted to not have any pre-existing exclusions) that premiums had to be paid for 5 years before any benefits would be paid. Therefore, the BO admin used the estimated premiums from some ******** estimate of the number of people that would enroll in the coverage at some premium amount that was unknown to anyone and used a figure of over $80 B in savings as a result of the program over the next decade. Knowing full well that once the benefits had to be paid there would be no savings in the program and that the CA would actually be insolvent by 2025 which was outside of the 10 year window CBO uses. They just lied about the program to find another $80B in supposed savings so they could get people like a lot of posters on here to think it was a great plan.
3) Sebellius is on record as saying that they studied the CA issue for over a year before including it in the bill and then told congress within months of the passage of the bill that the CA plan would not work as defined in the bill, but that she thought they could make it work with some minor tweaks. How in the hell can someone keep thier job when they study a program for a year and then admit within months of it becoming law that it really won't work.
Surely now the BO admin will go on record as saying their original forecasts for the cost implications of the bill would have to be redone as a result of cancelling the CA. Nope.
4) Now that the plan is being scrapped, the CBO is saying it has "no effect" on the costs of the overall bill as it hadn't been implemented yet. Of course, they ignore the fact that the CA was counted on for over $80B in savings when the plan was sold to the public.
How can this not disgust everyone? They literally put people in jail that do this type of stuff in the business world.
Many were opposed to this bill from its inception because we said that it didnt make any sense and the numbers were completely bogus. All we heard in response was that we were either racists or wanted the status quo. Of course neither was the case. We just didnt want this bill.
And this is supposedly BO's greates accomplishment.
