The CLASS act was projected to save between 72 and 102 billion over ten years. - CBO.
The CLASS Act is designed to provide Americans with federally backed long-term care and disability insurance. During the first two decades, the CLASS Act should reduce the deficit, according to the CBO. The House version would save $102 billion between 2009 and 2019, while the Senate version would save $72 billion. Between 2020 and 2029, the program would continue to save money, though the benefits would not be as considerable, according to the CBO.
http://www.mcknights.com/...
that was then
follow me below the-graphic-that-shall-not-be-named
this is now
It was just scrapped because the administration has determined it
"has critical design flaws that can't be fixed to make it financially self-sustaining."
http://www.msnbc.msn.com/...
Which has me thinking that CBO scoring is about worse than useless.
And what the heck is this?
By law, implementation of the program was contingent on Sebelius certifying it financially sound.
Aren't they supposed to do that BEFORE they decide to pass the bill?