ę Democratic Daily Newsletter (AKA Politico) Says Democrats Are Mad At Obama....For Not Being Liberal Enough | Main | Obama's Green Jobs Program a Boondoggle As a General Matter, Says... The Washington Post Ľ
September 15, 2011

CLASSy: Administration Ignored Warnings From Own Analysts In Effort To Get Expensive Boondoggle Passed Into Law

This is actually Major Scandal 3, because it broke yesterday. Drew's post about the general being asked to change his testimony to help a donor's company is Major Scandal 4.

3:

In the thick of the debate over President Barack Obamaís health care reform bill, administration officials ignored warnings that one of its most controversial provisions was financially unsustainable and could leave taxpayers on the hook for billions of dollars.

According to a report released Thursday by a working group of congressional investigators, officials inside the Department of Health and Human Services ignored numerous red flags about the Community Living Assistance Services and Supports program (CLASS) ó and in some cases the officials went to work figuring out how to hide them.

...

When the Congressional Budget Office scored the program, analysts said it would account for $70 billion in deficit reduction over ten years. However, that was because those enrolled in the program wonít be able to start receiving benefits until five years into that ten-year period.

The programís architects assumed it would take in more money than it paid out. And the $70 billion in savings became a crucial selling point that helped secure the billís passage.

The congressional working group, however, found that since the program is voluntary it would likely see more unhealthy participants than healthy ones. That means more payouts and less revenue. In the long run, that imbalance puts the CLASS program on a path to financial disaster.

I don't want to steal everything from the Daily Caller, but Medicaid's chief actuary wrote this problem would result in "an insurance deaths spiral."

Thanks to JohnE.


digg this
posted by Ace at 12:31 PM

| Access Comments




Recent Comments
grammie winger - Cubs are gonna suck again: "Nightmare stuff. ..."

Dave the Octopus: "Bob Berdella was a gay serial killer who killed th ..."

Tami[/i][/b][/s][/u]: " It's generally not a good idea to shove stuff up ..."

Boulder terlit hobo: "[i]"senescent" is also a new word courtesy of Mist ..."

pookysgirl says GO DODGERS GO!: "I'd forgotten how much of a drawl Timmy has. Still ..."

garrett: ">>Bob Berdella was a gay serial killer who killed ..."

publius, the Persistent Poperin Pear: " Hmmphh, you learn something every day. "Teled ..."

grammie winger - Cubs are gonna suck again: "Posted by: Steve and Cold Bear at October 20, 2017 ..."

gNewt: "Bright, fresh, illuminating, WD at ONT. ..."

A Penguin: "There is actual acreage going to waste in Antarcti ..."

kallisto: ""senescent" is also a new word courtesy of Mister ..."

grammie winger - Cubs are gonna suck again: "Ha! Wish I could see it. Was it pretty! ..."

Recent Entries
Search


MuNuvians
Polls! Polls! Polls!
Frequently Asked Questions
The (Almost) Complete Paul Anka Integrity Kick
Top Top Tens
Greatest Hitjobs

The Ace of Spades HQ Sex-for-Money Skankathon
A D&D Guide to the Democratic Candidates
Margaret Cho: Just Not Funny
More Margaret Cho Abuse
Margaret Cho: Still Not Funny
Iraqi Prisoner Claims He Was Raped... By Woman
Wonkette Announces "Morning Zoo" Format
John Kerry's "Plan" Causes Surrender of Moqtada al-Sadr's Militia
World Muslim Leaders Apologize for Nick Berg's Beheading
Michael Moore Goes on Lunchtime Manhattan Death-Spree
Milestone: Oliver Willis Posts 400th "Fake News Article" Referencing Britney Spears
Liberal Economists Rue a "New Decade of Greed"
Artificial Insouciance: Maureen Dowd's Word Processor Revolts Against Her Numbing Imbecility
Intelligence Officials Eye Blogs for Tips
They Done Found Us Out, Cletus: Intrepid Internet Detective Figures Out Our Master Plan
Shock: Josh Marshall Almost Mentions Sarin Discovery in Iraq
Leather-Clad Biker Freaks Terrorize Australian Town
When Clinton Was President, Torture Was Cool
What Wonkette Means When She Explains What Tina Brown Means
Wonkette's Stand-Up Act
Wankette HQ Gay-Rumors Du Jour
Here's What's Bugging Me: Goose and Slider
My Own Micah Wright Style Confession of Dishonesty
Outraged "Conservatives" React to the FMA
An On-Line Impression of Dennis Miller Having Sex with a Kodiak Bear
The Story the Rightwing Media Refuses to Report!
Our Lunch with David "Glengarry Glen Ross" Mamet
The House of Love: Paul Krugman
A Michael Moore Mystery (TM)
The Dowd-O-Matic!
Liberal Consistency and Other Myths
Kepler's Laws of Liberal Media Bias
John Kerry-- The Splunge! Candidate
"Divisive" Politics & "Attacks on Patriotism" (very long)
The Donkey ("The Raven" parody)
News/Chat
Archives
Powered by
Movable Type 2.64