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WASHINGTON (AP) — The Obama administration Friday pulled the plug on a major program in the president’s signature health overhaul law – a long-term care insurance plan dogged from the beginning by doubts over its financial solvency. Targeted by congressional Republicans for repeal, the long-term care plan became the first casualty in the political and policy wars over the health care [...] WASHINGTON (AP) — The Obama administration says it is unable to go forward with a major program in the president’s signature health care overhaul law – a new long-term care insurance plan. Officials said Friday the long-term care program has critical design flaws that can’t be fixed to make it financially self-sustaining. Health and Human Services Secretary Kathleen Sebelius told Congress in [...] From AP: WASHINGTON (AP) — They’re calling it the zombie in the budget. It’s a long-term care plan the Obama administration has put on hold, fearing it could go bust if actually implemented. Yet while the program exists on paper, monthly premiums the government may never collect count as reducing federal deficits. Real or not, that’s $80 billion over the next 10 years. The Community [...] WASHINGTON (AP) — Even as leading Democrats offered assurances to the contrary, government experts repeatedly warned that a new long-term care insurance plan could go belly up, saddling taxpayers with another underfunded benefit program, according to emails disclosed by congressional investigators. Part of President Barack Obama’s health care law, the program is in limbo as a congressional debt panel searches [...] |
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