RSSReport: Health reform measure insolvent by 2025
From: The Washington Times | November 18, 2009
A key component of Congress' plan to overhaul the U.S. health-care system could become insolvent by 2025, according to a government report. The component -- known as the CLASS Act -- is an insurance plan to help the elderly and disabled pay for in-home care rather than using nursing homes. Voluntary participants would have to pay premiums for five years to become eligible for the program's cash assistance. But after the first five years of the program, during which the government would collect money and not pay benefits, the program's finances would decline. By 2025, "projected benefits would exceed premium ...
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