Tuesday, October 18, 2011

Have we seen the last of the CLASS act fraud?

The CLASS Act was a long term care plan appended to Obamacare to give the impression that the total cost would be less than one trillion dollars,which was a slight psychological barrier to its passage.It was a spending program that magically would reduce the defect.It was purported to contribute some 80 billion to the projected health care savings that the Obama health care plan would bring about.

See here for the economist Alex Tabarrok's commentary on this fraud that contributed to the passage of Obamacare. Now, the Secretary of HHS has admitted the plan can't work and will be dropped,but even later breaking news is that the White House hints maybe not yet.


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