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Budget trick: The CLASS Program

Created on September 28, 2010

Budget trick: The CLASS Program

Headline:

Budget trick: The CLASS Program

Intro:

Part of Obamacare, the CLASS Program creates an entitlement for long-term care. Participants pay premiums for five years before receiving benefits, creating the

illusion of deficit

reduction at the onset. In

reality, CLASS will add to deficits by 2030. Sources: Congressional Budget Office and Centers for Medicare and Medicaid Services. Other text: CMS and CBO project CLASS will generate deficits by 2025 and 2030, respectively Centers for Medicare and Medicaid Services CMS and CBO project CLASS will generate deficits by 2025 and 2030, respectively Centers for Medicare and Medicaid Services Congressional Budget Office 2030 2025 2020 2015 2011 billion +$12 +$10 +$8 +$6 +$4 +$2 Projected Effects of the CLASS Program on the Federal Budget Obamacare in Pictures heritage.org