Monday, October 17, 2011

Obamacare - Health Care Law - #3334 - We Did It! We Killed the Class Act, a Key Component of Obamacare - Freedom Works

We did it! We took down CLASS!  Today the White House officially pulled the plug on the CLASS Act, a key component of ObamaCare.  This is a huge development in the health care debate.  CLASS -- a Great Society style nursing home care entitlement authored by liberal lion Ted Kennedy -- was enacted in 2010 as part of ObamaCare.  But CLASS was poorly designed and actuarially unsound, and represented a massive taxpayer bailout risk.  And the folks in President Obama's HHS knew it.  But they gagged their own internal experts in 2009 and 2010, to keep the risk from being known publicly.  Had Congress and the American people known about the bailout risk, ObamaCare would very likely not have become law.  Last month, a congressional investigation finally exposed the internal warnings, and the White House's stone wall began to crumble.  Even the socialized-medicine zealots in the Obama Administration could no longer deny the truth.  With the president's poll numbers in the tank, and his reelection in serious doubt, they decided to cut their losses. The new nursing home entitlement had to go.  Today, they put out the announcement. They will not proceed with implementing this turkey. CLASS is dead.  Read more........

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