Senate votes to keep CLASS Act in healthcare reform bill
Contemporary Long-Term Care Weekly, December 10, 2009
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Despite substantial opposition that included the support of 11 Democrats, the Senate voted to maintain provisions in the healthcare reform bill devoted to the establishment of the Community Living Assistance Services and Support (CLASS) Act, according to The Washington Post.
CLASS Act proponents, including Connecticut Senator Christopher Dodd, insist the program will provide seniors with much needed financial assistance. Individuals would begin paying a premium immediately in exchange for a cash benefit of around $50 a day that becomes available after five years and can be used to offset the cost of long-term care services. Opponents of the plan cite the Congressional Budget Office’s findings, which state that payouts would rapidly burn through accumulated premiums because the program attracts people already in need of the benefits.
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