If there’s one thing early January always delivers, it’s a cornucopia of coming-year predictions. But as far as long-term care is concerned, it might be more helpful to look back to 1990. The newly minted fiscal cliff deal helps explain why.
Hours before the final presidential debate started Monday, LeadingAge President and CEO Larry Minnix made it clear whom he thought long-term care providers need to vote for. While not outright campaigning for President Obama, Minnix said the incumbent’s policies would be better for the future of the profession than those proposed by his challenger, Mitt Romney.
The Congressional Budget Office is still assessing the impact of the Supreme Court’s Affordable Care Act decision on the federal deficit and won’t have an estimate until the end of July. That figure, when it’s calculated, could either help or hurt Congressional Republicans’ efforts to repeal the law.
Providers will be among the interested stakeholders watching closely for signs whether the Senate will follow the House’s lead and vote to repeal the CLASS Act. Many observers believe the Democrat-led Senate will not, but there has been at least a minor shift in momentum for it recently. Various news reports have detailed what it could mean to have the dormant measure still on the books, and fiscal conservatives don’t like it. Meanwhile, proponents of the first-ever government long-term care benefit continue to press their opponents with the question: If not CLASS, then what?
The House of Representatives repealed the CLASS Act on Wednesday night, although its future is far from clear.
Many observers expect Republican efforts to repeal CLASS will die in the Senate, where there is likely not enough support to push through the Fiscal Responsibility and Retirement Security Act.
Advocates for the CLASS Act can take some comfort in knowing that efforts for full repeal of the program are at a dead end, at least for the rest of this year.