ObamaCare Surprise: Long-Term Care Provision Could Cost Americans $2000 A Year Unless They Opt Out - Video 3/26/10
Here is a Fox News report on an almost totally unreported program tucked into the ObamaCare Law. It is a Long-Term Health Care Program that people will automatically be enrolled in by their employers unless they opt out. Those who are in, will have a premium of $146 a month (some say more) deducted from their paychecks. This will create a whole new huge Government program that the Federal Government will manage and pay out when people need Long-term care, either at home or in a nursing home.
While Congress spent the last year debating how to provide health insurance for the uninsured, a little-known provision slipped into the heath care law that could cost some Americans upwards of $2,000 a year.More of the joy of ObamaCare. Click here for an index of more consequences of ObamaCare.
The Class Act, otherwise known as the Community Living Assistance Services and Support Act, is the federal government's first long-term care insurance program.
Under-reported and the under the radar of most lawmakers, the program will allow workers to have an average of roughly $150 or $240 a month, based on age and salary, automatically deducted from their paycheck to save for long-term care. . .
Here's how the program will work:
-- The federal government will approach employers next year about alerting workers to the proposed deduction.
-- The deduction will work on a sliding scale based on age. Younger workers will be charged less, older workers more. The Congressional Budget Office pegged the average monthly deduction at $146. The Centers for Medicare and Medicaid Services put it higher, at $240.
-- After a five-year vesting period, enrollees who need help bathing, eating or dressing will be eligible to take out benefits, estimated to be around $75 a day for in-home care. . . . . .
"This creates a whole new bureaucracy that is going to break this country," Nunes said. "In the early years there will be money in it, but at the end of the day there won't be enough money to cover the problems because there will be too many people in the program." . . . MORE