Here's the headline from the Washington Post/A.P.
Troubled long-term care program is first casualty in the political wars over Obama’s overhaul
I opposed the health care reform bill that was passed last year on this site, and wrote at least a dozen diaries on it. They traced the change in opinions by having the same poll with support rising and waning over time.
I specifically opposed this component of the law, with this diary, The invisible program in HCR that betrays its corruption It's hard to believe the amount of work I put into those diaries!
In this one I first showed the analysis by the CBO, which by law may not do an independent analysis of the costs of a bill, but must accept the numbers supplied by the majority party, in this case Democrats. I then dug into the report by the actuary department of Medicare, the chief Richard Foster, whom I actually corresponded with, which gave a dramatically different picture:
In general, voluntary, unsubsidized, and non-underwritten insurance programs such as CLASS face a significant risk of failure as a result of adverse selection by participants. Individuals with health problems wold be more likely to participate than those in better than average health.....a classic "assessment spiral" or "insurance death spiral" ......there is significant risk that the problem of adverse selection would make the CLASS program unsustainable.
I'm happy that the Obama administration has finally seen the light. I only wish they had seen it sooner.