Friday, October 14, 2011

Obamacare Fail: Plug Pulled on Long-Term Care Insurance Plan

Like much of the rest of Obamacare, the long-term care insurance plan doesn't make sense. It required lots of healthy people to sign up for the plan, but they had little motivation to do so. The health insurance part had the same problem. Democrats solved it by an unconstitutional mandate for all Americans to purchase a private product. Several court cases challenging this mandate are moving forward.
WASHINGTON (AP) — The Obama administration Friday pulled the plug on a major program in the president's signature health overhaul law — a long-term care insurance plan dogged from the beginning by doubts over its financial solvency.

Targeted by congressional Republicans for repeal, the program became the first casualty in the political and policy wars over the health care law. It had been expected to launch in 2013.

"This is a victory for the American taxpayer and future generations," said Sen. John Thune, R-S.D., spearheading opposition in the Senate. "The administration is finally admitting (the long-term care plan) is unsustainable and cannot be implemented."

Proponents, including many groups that fought to pass the health care law, have vowed a vigorous effort to rescue the program, insisting that Congress gave the administration broad authority to make changes. Long-term care includes not only nursing homes, but such services as home health aides for disabled people.
Soon, we will pull the plug on the whole monstrosity.

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