Filed Under:Health Insurance, Ltci

Subcommittee Sets CLASS Act Hearing

An arm of the House Energy and Commerce Committee plans to look at the sustainability of the Community Living Assistance Services and Supports (CLASS) program Thursday.

The committee's health subcomittee has organized a CLASS program hearing to review early efforts to implement Section 8002 of the Patient Protection and Affordable Care Act (PPACA) and hear from witnesses who have thoughts on whether the program is, or could be made to be, actuarially sound.

Kathy Greenlee of the Administration on Aging; Allen Schmitz of the American Academy of Actuaries (AAA), Washington; and Mark Warshawsky of Towers Watson & Company, New York.

In November 2009, the AAA suggested that the CLASS program might be made actuarially sound if managers:

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Nichole Morford

Nichole Morford
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