A recently proposed federal long term care program would cost too much for the people it is supposed to cover.
Members of the Federal Long Term Care Task Force at the American Academy of Actuaries, Washington, make that argument in an analysis of the Community Living Assistance Services and Supports Act.
The CLASS Act, introduced by Sen. Edward Kennedy, D.-Mass., is part of the health finance bill that was developed by Kennedy’s Senate Health, Education, Labor and Pensions Committee.
The CLASS Act proposal would create an optional LTC program that would pay a minimum benefit of $50 per day to qualified claimants who were unable to perform at least 2 activities of daily living.