Wednesday, December 02, 2009
Congress debates the CLASS Act, to provide help for aging at home; it would not replace long term care insurance!
Check out an AARP story on the proposed "CLASS Act" here.
Michael C. Burgess (R-TX) and Chris Van Hollen (D-MD) debate the proposed the proposed The CLASS (Community Living Assistance Services and Supports) Act to give people assistance at home. However Burgess argues that this does not replace Long Term Care insurance. Burgess also argues LTC insurance ought to generate tax credits, and that parents ought to be considerate enough of their children to purchase it! In states with filial responsibility laws, children could have to foot the bill as Medicaid gets stressed.
Update: Dec. 5
Check a contrasting story in the Saturday Dec 5 New York Times, front page, by Robert Pear, "Home Care Patients Worry Over Possible Cuts", link here, regarding Medicare' home health benefit for treatment for homebound patients.
Update: Dec. 14, 2009
Check a front page article today in the New York Times, by Robert Pear, "Insurance for Long-Term Care in Latest Issue in Health Debate", link here. Ironically, the government expects the CLASS program to help reduce health care deficits by collecting premiums, but in the long run the benefit payments would make the program unsustainable.