American Academy of Actuaries
Actuaries: Federal Long-Term Care Legislation Falls Short on Coverage Goals
Published in Pharma Investments, Ventures and Law Weekly, August 9th, 2009
According to a recent analysis by a nonpartisan group of actuaries, the currently proposed benefit structure in the Community Living Assistance Services and Supports Act (CLASS Act) will require premiums that may exceed affordable levels for those in the intended population and is unlikely to achieve broad participation. The CLASS Act is included as a provision in the current version of the U.S. Senate Health, Education, Labor and Pensions Committee's Affordable Health Choices Act.
"Due to its design and the high level of required premiums, the program is unlikely to cover more than a very small proportion of the intended population," said Eric Stallard, the chairperson...
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