• The Heritage Network
    • Resize:
    • A
    • A
    • A
  • Donate
  • CLASS Act

    A CLASS Mandate Flunks the Test

    Brian Riedl argued in a Washington Times piece on Tuesday that the Community Living Assistance Services and Supports (CLASS) Act should be repealed. CLASS, a government-run long-term care (LTC) insurance program, has been widely panned by actuaries as unsustainable and likely to result in a future taxpayer bailout. Howard Gleckman … More

    Ready for the Next Trillion-Dollar Bailout?

    Obamacare has been rightly blasted as fiscally irresponsible, yet few have noticed what may be Obamacare’s largest ticking entitlement time-bomb: the CLASS Act. My new op-ed on the subject is here, and my new report, co-written with Jim Capretta, is here. CLASS is a new long-term-care insurance program that was … More

    Paying for Obamacare: Kicking the Can Down the Road to Future Generations

    Health care reform was supposed to lower health care spending while expanding access for the uninsured.  Instead, though Obamacare will cost taxpayers trillions, it will do little to address the rising cost of care.  The government overhaul will not only have large and immediate negative effects for Americans of every … More

    The Senate Bill's Fiscal Madness: Rep. Ryan's Damning Indictment

    As Heritage analysts have noted time and again, spending from congressional liberals’ health care proposals would be in the trillions, growing the federal deficit. The President has proposed a modification of the Senate bill with provisions that would make it even more expensive.  At last week’s Health Care Summit, hosted … More

    Cost of Health Care Likely to be Much Higher than $2.5 Trillion

    From the start the president’s health care cost estimates were much too modest. Here’s why: First, the administration’s accountants left off the books nearly a quarter-trillion dollars in what’s called the “Doc Fix”. Originally, the formula was designed to prevent total Medicare physician spending from growing faster than the Medicare … More

    Obamacare Will Decrease the Deficit? Yeah, Right!

    The vote looming in the Senate to raise the debt limit should serve as a wake-up call that federal spending is out of control. Instead, Democratic leadership has tried to convince Americans that passing costly health care legislation is not only sensible, but requisite, and must be done now. Neither … More

    Cost of Health Care Bill Soars, Despite President's Pledge

    While House and Senate leaders negotiate over the final version of a health care bill, they seem to have forgotten one thing: many of them, including the President, pledged to deny support to any bill which would add to the federal deficit. Until now, budgetary gimmicks have hidden the true … More

    Left Now Admitting Obamacare Full of Budget Gimmicks

    President Barack Obama again asserted today that his health care plan would be deficit neutral chiding: “The argument that opponents are making against this bill does not hold water.” But while the President’s most ardent supporters are trying to explain to each other why the benefits of the bill do … More

    Washington Post: Obamacare "Unsustainable"

    The Washington Post editorial board writes on the Community Living Assistance Services and Supports (CLASS) Act tucked into Obamacare: But both the Congressional Budget Office and the chief actuary for the Medicare program have expressed misgivings. The Medicare actuary, Richard S. Foster, cited “a very serious risk”: Adverse selection — … More

    The Senate Health Bill: Budget Gimmicks Galore

    Senate Majority Leader Harry Reid unveiled his 2,074 page health care bill with claims that the massive measure falls under the $900 billion cost threshold promised by the President. To put it charitably, the truth is more complicated. The bill depends on budget gimmicks and unrealistic assumptions and projected savings … More