On the recordOctober 17, 2011
Mr. President, late last week the American taxpayer got some very good news, and that was that the administration announced they were not going to move forward with implementing the CLASS Act. It was a stunning end for something many of us have believed is a fiscal timebomb for our country. They acknowledged it is simply not workable. In fact, HHS Secretary Katherine Sebelius said, ``Despite our best analytical efforts, I do not see a viable path forward for CLASS implementation at this time.'' The Washington Post went on to say that ``the Obama administration cut a major planned benefit from the 2010 law on Friday, announcing that a program to offer Americans insurance for long-term care was simply unworkable.'' The Hill reported that ``HHS officials acknowledged that CLASS fell apart simply because it was too flawed to salvage.'' From Politico: `` . . . a stunning end to a financially troubled long-term care insurance program and a major setback to the health care reform law.'' Even the New York Times editorialized that ``it was too costly and would not work.'' This is good news for the American taxpayer. This is something many of us argued was the conclusion that inevitably people would come to, when this was discussed and debated as part of the health care reform bill over a year ago. In fact, on December 4, 2009, I offered an amendment to repeal the CLASS Act. It was then offered as one of the pay-fors for the President's health care reform bill.…





