Thursday, July 21, 2011

HCR Update from Mark Sanna: A key provision in President Obama's health care law that would allow Americans to save money for elderly long-term care has been put on the chopping block as part of a sweeping $3.7 trillion deficit-reduction plan proposed by a bipartisan group of senators known as the "Gang of Six." The provision is known as the CLASS Act, or the Community Living Assistance Services and Support Act, and was designed to relieve pressure on Medicaid and help keep Americans out of nursing homes by enabling them to save for future senior assistance with issues like eating, bathing or dressing as they get older.

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