Comments on: CBO on the New HELP Bill http://dmarron.com/2009/07/02/cbo-on-the-new-help-bill/ Musings on Economics, Finance, and Life Mon, 13 Feb 2012 20:27:13 +0000 hourly 1 http://wordpress.com/ By: Weiwen Ng, MPH http://dmarron.com/2009/07/02/cbo-on-the-new-help-bill/#comment-517 Fri, 31 Jul 2009 14:36:35 +0000 http://dmarron.com/?p=802#comment-517 Good summary, Donald!

To the “curmudgeonly” poster, I would have to agree. CBO explicitly said in a letter to Sen. Kay Hagan (available on CBO’s website) that the CLASS Act would likely produce a net deficit in years beyond 2019 and that the premiums as written were unlikely to be sound.

Howard Gleckman of the Urban Institute cites another CBO report saying the monthly premiums should be $100-110 (with mandatory participation; CLASS as written is opt-out). I think the CLASS Act is good policy but I doubt it will pass. That said, advocates interested in getting it passed might recommend that they enact only the first benefit tier ($50). I think that could get premiums down into the $70-ish range.

http://www.urban.org/publications/1001290.html

]]> By: CLASS Act Fails the Offset Test http://dmarron.com/2009/07/02/cbo-on-the-new-help-bill/#comment-298 Tue, 07 Jul 2009 18:05:14 +0000 http://dmarron.com/?p=802#comment-298 [...] the risk of again appearing curmudgeonly, I would like to draw your attention to a provision in the health care reform bill being considered by the Senate HELP Committee. That provision, the Community Living Assistance Services and Supports Act, would create a new [...]

]]> By: Afyon News » Blog Archive » CLASS Act Fails the Offset Test http://dmarron.com/2009/07/02/cbo-on-the-new-help-bill/#comment-294 Tue, 07 Jul 2009 11:12:57 +0000 http://dmarron.com/?p=802#comment-294 [...] the risk of again appearing curmudgeonly, I would like to draw your attention to a provision in the health care reform bill being considered by the Senate HELP Committee. That provision, the Community Living Assistance Services and Supports Act, would create a new [...]

]]> By: CLASS Act Fails the Offset Test « Donald Marron http://dmarron.com/2009/07/02/cbo-on-the-new-help-bill/#comment-292 Tue, 07 Jul 2009 04:05:05 +0000 http://dmarron.com/?p=802#comment-292 [...] the risk of again appearing curmudgeonly, I would like to draw your attention to a provision in the health care reform bill being considered by the Senate HELP Committee. That provision, the Community Living Assistance Services and Supports Act, would create a new [...]

]]> By: Scott Nystrom http://dmarron.com/2009/07/02/cbo-on-the-new-help-bill/#comment-291 Tue, 07 Jul 2009 01:55:55 +0000 http://dmarron.com/?p=802#comment-291 Donald,

This is a great summary of the CBO analysis. I am really enjoying your blog. It covers so many important topics from economics to markets to stock analysis. Keep up the fantastic work.

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