Washington Post: Obamacare “Unsustainable”
Conn Carroll /
The Washington Post editorial board writes on the Community Living Assistance Services and Supports (CLASS) Act tucked into Obamacare:
But both the Congressional Budget Office and the chief actuary for the Medicare program have expressed misgivings. The Medicare actuary, Richard S. Foster, cited “a very serious risk”: Adverse selection — sicker people signing up for the program and the healthier staying away — “would make the CLASS program unsustainable.” He said that even beginning premiums would have to be $240 a month. Likewise, CBO director Douglas W. Elmendorf warned that “the CLASS program could be subject to considerable financial risk in the future if it were unable to attract a sufficiently healthy group of enrollees.”