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Friday, October 14, 2011
Following the repeal of the health care law's 1099 reporting provision, the CLASS Act is now being jettisoned. This latest development, which highlights a major budget gimmick the Democrats used to claim their health care overhaul was "paid-for," affirms what Americans have long-known: America cannot afford the Democrats' health care law.
"CBO’s February 2011 analysis indicates that implementation of the long-term care insurance program established by the CLASS Act will reduce federal deficits by $86 billion over the 2012–2021 period."
- Congressional Budget Office’s Analysis of the Major Health Care Legislation Enacted in March 2010