American Association for Long-Term Care Insurance Supports Wall Street Journal Call for Repeal of CLASS Act
The American Association for Long-Term Care Insurance Executive Director called for support of The Wall Street Journal editorial suggesting House Republicans vote to repeal the CLASS Act provisions within health care reform.
Los Angeles, CA, October 06, 2011 --(PR.com)-- The American Association for Long-Term Care Insurance, the national trade organization supported The Wall Street Journal editorial calling for the outright repeal of the CLASS Act.
The editorial in today's Journal calls for "House Republicans ought to vote to repeal it (CLASS) as soon as possible as an act of fiscal hygiene, forcing Senate Democrats to vote on it and President Obama to confront (even if he won't acknowledge) the fraud he signed into law."
"Frankly I am amazed it has taken this long for a major newspaper to report on this matter and to take the right position, one which we support," explains Jesse Slome, executive director of the American Association for Long-Term Care Insurance. "The Department of Health and Human Services has suspended work on the plan, reassigned CLASS's career staffers and terminated the program's actuary. It's now time to finally explain the program as envisioned just will not work."
Repeal of CLASS will not solve the nation's looming long term health care problem, Slome acknowledged. "CLASS wouldn't work and repealing CLASS without discussions about alternative workable solutions merely kicks the can further down the road," Slome adds. "Private long term care insurance is a viable solution for about 15-to-18 million Americans who don't want to depend on whatever government programs may exist at the time they need care."
"Private long-term care insurance is admittedly not a universal solution," Slome acknowledged. "Everybody who is age 50 or older had better do some long-term care planning and those who are able to medically qualify for insurance coverage should look into costs before turning age 64."
Some eight million Americans own private long term health care insurance according to the latest Association data. Roughly 500,000 people are expected to acquire coverage this year, an increase over last year the Association predicts.
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The editorial in today's Journal calls for "House Republicans ought to vote to repeal it (CLASS) as soon as possible as an act of fiscal hygiene, forcing Senate Democrats to vote on it and President Obama to confront (even if he won't acknowledge) the fraud he signed into law."
"Frankly I am amazed it has taken this long for a major newspaper to report on this matter and to take the right position, one which we support," explains Jesse Slome, executive director of the American Association for Long-Term Care Insurance. "The Department of Health and Human Services has suspended work on the plan, reassigned CLASS's career staffers and terminated the program's actuary. It's now time to finally explain the program as envisioned just will not work."
Repeal of CLASS will not solve the nation's looming long term health care problem, Slome acknowledged. "CLASS wouldn't work and repealing CLASS without discussions about alternative workable solutions merely kicks the can further down the road," Slome adds. "Private long term care insurance is a viable solution for about 15-to-18 million Americans who don't want to depend on whatever government programs may exist at the time they need care."
"Private long-term care insurance is admittedly not a universal solution," Slome acknowledged. "Everybody who is age 50 or older had better do some long-term care planning and those who are able to medically qualify for insurance coverage should look into costs before turning age 64."
Some eight million Americans own private long term health care insurance according to the latest Association data. Roughly 500,000 people are expected to acquire coverage this year, an increase over last year the Association predicts.
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Contact
American Association for Long-Term Care Insurance
Jesse Slome
818-597-3205
www.aaltci.org
Jesse Slome
818-597-3205
www.aaltci.org
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