The new fiscal cliff deal could hurt the nonprofit groups that want to set up Consumer Operated and Oriented Plan (CO-OP) health insurers, but it could end up helping sellers of private long-term care insurance (LTCI).
At press time, members of the House had voted 257-167 to pass H.R. 8, the "American Taxpayer Relief Act of 2012" bill. The Senate had passed the ATRA bill earlier in the day, and President Obama was preparing to sign it.
The Senate will reimburse commission members for commission-related travel expenses, and the commission will have the authority to ask the U.S. Government Accountability Office and the Congressional Budget Office to conduct studies.
The long-term care (LTC) commission is supposed to develop recommendations for creating "a comprehensive, coordinated, and high-quality" LTC system within six months after the commission members have been appointed.