With the characteristics mentioned in this video, it is hard to understand why incubators are not marketing to the asylum community.
But this information can be taken a couple different ways. If you look at it from the medical perspective, you might think that the world is going mad and we are following the likes of people that can lead us to a scary place inside a round room. But if you watch the video, and see the value created by approaching a challenge from a different direction than it would normally be approached and realizing the people that are able to due that have been historically ridiculed prior to success, you soon start to understand that these people have changed the business landscape throughout time.
Glenn Beck says it the best in this video.
This shows the amount of new regulation through NEW GOVERNMENT AGENCIES BROUGHT TO LIFE THROUGH OBAMACARE.
President Obama, in a speech to supporters, suggested business owners owe their success to government investment in infrastructure and other projects — saying “if you’ve got a business, you didn’t build that.”
Obama’s comment Friday during a campaign stop in Roanoke, Va., came just days after he urged Congress to extend tax cuts enacted during the Bush administration only to families earning less than $250,000 annually — part of his argument that top earners have an obligation to pay more to trim the deficit.
“There are a lot of wealthy, successful Americans who agree with me because they want to give something back,” the president said. “If you’ve been successful, you didn’t get there on your own. You didn’t get there on your own. I’m always struck by people who think, well, it must be because I was just so smart. There are a lot of smart people out there. It must be because I worked harder than everybody else. Let me tell you something — there are a whole bunch of hardworking people out there.
Read more: http://www.foxnews.com/politics/2012/07/15/obama-dashes-american-dream-suggests-nobody-achieves-success-alone/#ixzz20kb0mSu2bses
Great article on another topic our POTUS speaks on but does not have a clue.
Business is the backbone of this country. PLEASE DONT TALK ABOUT CAPITALISM IS YOU HAVE NEVER BEEN PART OF CAPITALISM.
If he would simply tell the truth 5% of the time, I would have reason to feel sorry for him. But the absence of truth 100% of the time does not leave the door open to wanting anything decent coming from this administration.
This is total bullshit and part of the smokescreen this administration is so very good at!
A new round of speculation about Mitt Romney’s running-mate deliberations ensued after a media report mentioned an unconventional choice: former Secretary of State Condoleezza Rice.
The Drudge Report website set Washington ablaze in another round of the vice-presidential guessing game Thursday night by posting an item attributed to “sources” naming her as one of the top contenders to be the presumptive Republican nominee’s running mate.
The item mentioned a fundraising email Ms. Rice, 57 years old, sent Thursday night on Mr. Romney’s behalf as part of the campaign’s “Meet the VP” drive, an initiative intended to increase the number of small-dollar donors in which the winners get to meet the candidate and his eventual running mate.
This article talks about how she would shake up the Presidential Race.
I think she could appeal to Black voters as well as Women and Conservatives. She was very loyal to Bush and she knows the political landscape outside of the USA.
Kira nails it again!
Bring the issues out and discuss them as Americans, not as special interest groups that want to hear what they want to hear vs. the truth. Step into the light with a plan that encompasses everyone,
Not picking winners and losers like we have heard for the last 3.5 years and the way you hear in all socialist states around the world.
Vice President Joe Biden pushed NAACP convention attendees to contrast President Barack Obama’s Department of Justice with a potential Mitt Romney DOJ.
“Imagine what the Romney Justice Department will look like,” Biden told the NAACP audience on Thursday. “Imagine when his senior advisor on constitutional issues is Robert Bork. Imagine those incredibly important positions of justice. Imagine, and I mean this, this to me is one of the most critical issues in this election, imagine what the Supreme Court will look like after four years of a Romney presidency.”
The Biden comment likely sits well with NAACP members as, on Tuesday, the NAACP unanimously passed an “emergency resolution” calling the bipartisan votes to hold Attorney General Eric Holder in criminal and civil contempt of Congress a “travesty of justice.” The resolution is meant for the NAACP to “express their outrage at the treatment of the first African-American and one of the best attorney generals in history.”
Biden could tell the truth with the use of a teleprompter. And if Obama really thought we are our brothers keeper, Obamas brother George would not live in a grass hut in Kenya Africa. Biden is not the messenger the WH should have out there. No class compared to Romney, by B Hussein Obama is trying to raise money for more negative ads. Not having a lot of luck I hear.
Nov 4th 2012 when it all comes down to the wire. And we really need to win this for everyone in this country and the opportunity to live a free and independent life as a human being, but also for the people around the world that depend on the US to push for a better standard of living for them whether they are in SouthEast Asia or South America where everday a new leader take over wanting to “nationalize another industry” with no comment coming from our White House about policies we have in place with them or treaties that will be effected.
Read more: http://dailycaller.com/2012/07/12/biden-to-naacp-imagine-what-a-romney-justice-department-would-look-like/#ixzz20TLo9D8j
This video sums of what the US needs to do to become a “doer nation” and not just a “talker nation.
Now that the Supreme Court’s ruling has wiped away any debate about the legitimacy of the Affordable Care Act (yes, I’m sure some of you reading this may be able to think of several angles of the bill that could be debatable, but that’s another post) early stage entrepreneurs and aspiring small business owners may be asking themselves ‘what does all of this mean to me?’
Aside from the assurance that any employees you hire on your way to success will be adequately cared for and not need to worry about crippling healthcare costs, it means that you’ll have to operate within certain parameters as you grow your business. Luckily, Actseed, a community of entrepreneurs and investors has announced its willing to familiarize early stage entrepreneurs on what the Affordable Care Act is all about.
This article is supportive of entrepreneurs. But in “another post” hopefully this author of another staff member of Forbes will address the cost to founders and owners of start ups and small business in terms of how prohibitive this legislation will be in 2014 and beyond.
Never in the history of the USA, has a law been enacted that cripples business and deflects “benefits” to another group. This administration is all about picking/creating winners and losers through executive power. Skating the congress via “executive privilege” to make sure that laws are created for the favorite group of the month.
It is sad to see the opportunities that this country was built on, go by the wayside due to an agenda that has nothing to do with health care, immigration, foreign policy, small business and 100 other elements of our great country.
Please remember freedom is not free. People put their lives on the line each day, and offer us the opportunity to live great lives. Taking the 2012 election for granted by not voting or voting for the same pain that we voted in, in 2008 sends a difficult message to the military and to their family.
Romney on Raising Taxes
Romney blamed the law for raising taxes and cutting Medicare, two claims that require further explanation.
Romney: Obamacare raises taxes on the American people by approximately $500 billion.
It’s certainly true that the health care law would raise taxes on some Americans, particularly those with higher incomes. The law includes a Medicare payroll tax of 0.9 percent on income over $200,000 for individuals or $250,000 for couples, and a 3.8 percent tax on investment income for those earning that much. The Joint Committee on Taxation estimated that the biggest chunk of revenue — $210.2 billion — comes from those taxes.
There are other taxes in the health care law — including an excise tax on the manufacturers of certain medical devices and on indoor tanning services. The health care law included $437.8 billion in tax revenue over 10 years, according to the Joint Committee on Taxation‘s calculations. Republicans tend to add in fees on individuals who don’t obtain health insurance (which the Supreme Court now agrees can be considered taxes) and businesses that don’t provide it to bump that up to about $500 billion.
Some taxes, such as those on medical devices, may or may not be passed on to consumers in the form of higher prices, but a large majority of Americans would not see any direct tax increase from the health care law.
A record of 8,733,461 workers took federal disability insurance payments in June 2012, according to the Social Security Administration. That was up from 8,707,185 in May.
It also exceeds the entire population of New York City, which according to the Census Bureau’s latest estimate hit 8,244,910 in July 2011.
There has been a dramatic shrinkage in the United States over the past 20 years in the number of workers actually employed and earning paychecks per worker who is not employed and is taking federal disability insurance payments.
In June 1992, according to the Bureau of Labor Statistics, there were 118,419,000 people employed in the United States, and, according to the Social Security Administration, there were 3,334,333 workers taking federal disability payments. That equaled about 1 person taking disability payments for each 35.5 people actually working.
This number is an important number because of the large number of fraud that exist in the field of disability.
We really need to focus on unemployment in the US. Only when the unemployment issue is solved, will we see the disability to worker ration come down to acceptable levels.
The commercial success of many high-profile Chinese entrepreneurs appears to have done little to encourage young Chinese college graduates to become their own boss. According to a recent report, only 1.6% of Chinese college graduates started businesses last year, essentially flat with the year before.
Graduating university students crowd a job fair in Nanjing.
Also, while young Americans often look to create the next Facebook, China’s budding business owners start out with lower skills and more modest ambitions.
The “2012 Graduate Employment Report,” released last week by the Chinese Academy of Social Sciences and MyCOS Research Institute, a Beijing-based education consultancy, shows that vocational-college graduates were more keen on starting businesses than those graduating from four-year colleges–with a ratio of 2.2% compared with 1% respectively.
The rest of this tory can be found here
The bottom line of using this story is basic. There are entrepreneurs and business owners all over the world.
But the country and state that makes it the easiest for them to operate, will be be far ahead in terms of offering the rest of the
the residents of that geographic area, benefits and lower tax rates in the near future. Business is smart enough to see the difference and will not be held captive by local gov that will not be responsive to the needs of business.
Illinois, California, Michigan and other areas of the world will soon suffer in this mobile economy.
WASHINGTON, Monday, June 18, 2012 — A lawyer for President Barack Obama argued today in Florida that a lawsuit claiming his client “is not eligible to appear on the November ballot because he is not a ‘natural born citizen,’” should be dismissed on the grounds that the Democratic Party has not yet nominated a candidate.
In Tallahasse, Florida, Attorney Mark Herron, representing President Obama, told Leon County, Florida Circuit Judge Terry Lewis that the January 31, 2012 Florida Presidential Preference Primary “did not result in nomination or election” and that “federal law precludes this court from determining whether a candidate for the office of President of the United States is qualified under Article Two Section Five (see ed. note) of the United States Constitution.”
There is a very slim possibility that our current president may not get his name on the several state ballots this November.
But you have to factor this into the overall odds based on what is happening in the Middle East, with immigration and the executive order that was signed last week, the Supreme Court ruling on Obamacare, Russis/Syria, and a list of other issues that keep growing to further rock the Obama campaign.
ACORN, the supposedly defunct organization defunded by Congress in the aftermath of James O’Keefe’s video exposing ACORN employees’ willingness to help out pimps and prostitutes attain government benefits, is back. As Judicial Watch has uncovered, the Obama administration offered $445 million to a former ACORN official as part of a $7.6 billion government program designed to help “unemployed or substantially underemployed” Americans make their mortgage payments.
The ACORN official, Joe McGavin, is director of Hardest Hit, an Illinois program that received that massive Treasury infusion. Prior to his time at Hardest Hit, McGaven was director of counseling for ACORN Housing in Chicago, and the operations manager for Affordable Housing Centers of America (AHCOA), an ACORN affiliate.
This is so hard to believe after ACORN has been linked to felony activity, in several areas.
It is almost as this is never going to end or at least until Obama is out of office. Again, this a sample of NO LEADERSHIP FROM THE TOP DOWN.
I cannot recall in my adult history, where more ridiculous things such as this ACORN NONSENSE has happened.
It gets exposed and it comes back to life like cancer.
President Obama’s only claim to reelection is that he and his team steadied America during its time of economic uncertainty and are, albeit slowly, growing the economy. Friday’s anemic jobs numbers show that in fact the economy is not recovering, but rather, unfortunately slipping away, and with the state of the race as it is, the election possibly, irrevocably, too.
In February of 2012, we added 227,000 new jobs, revised upward from 210,000. Things looked good for the economy and Obama’s reelection prospects.
But since then things have gone downhill.
Friday we discovered that in March we created 143,000 new jobs, 10,000 less than we originally thought. Not robust growth, but certainly no cause for panic. In April, however, we added just 77,000 new jobs, a figure that has been revised downward from 115,000.
Read more: http://www.foxnews.com/opinion/2012/06/01/economy-is-not-recovering-but-instead-slowly-slipping-away/#ixzz1xFWxY2UA
As this article mentions, the US is starting to show the same weakness it witnessed back in the 2007-2008 days before the first depression type financial crisis.
No one expected that to happen but now, after loving in the aftermath, this one should be easy to call.
Look at the market charts that date back to the depression of the ’29-’33. These chart looks similar.
After watching this video, you have to ask yourself how long will the US be in the front of the leaderboard of countries that are tackling the global slowdown. This could take a decade to play out if there without the Quantitative Easing aspect. With the QE added, the economic slowdown could last much longer than a possible decade.
California Cuts Threaten the Status of Universities
By JENNIFER MEDINA
LOS ANGELES — Class sizes have increased, courses have been cut and tuition has been raised — repeatedly. Fewer colleges are offering summer classes. Administrators rely increasingly on higher tuition from out-of-staters. And there are signs it could get worse: If a tax increase proposed by Gov. Jerry Brown is not approved this year, officials say they will be forced to consider draconian cuts like eliminating entire schools or programs.
For generations, the University of California system — home to such globally renowned institutions as Berkeley and U.C.L.A. — has been widely recognized as perhaps the best example of what public universities could be. Along with the California State University system and the state’s vast number of community colleges, higher education options here have long been the envy of other states.
But after years, and even decades, of budget cutbacks from the state, that reputation is under increasing threat. University leaders, who had responded typically to earlier budget cuts with assurances that their institutions were still in top form, now are sounding the alarm. In trying to rally support, they openly worry that their schools do not offer the same quality of education as a decade ago.
“I’d be lying if I said what we offer students hasn’t been changed and that there hasn’t been a degradation of the learning environment,” said Timothy White, the chancellor of the University of California, Riverside, which has had record growth in recent years. Last year, plans to open a medical school on the campus were shelved after state budget cuts.
This article on the wrong direction of education in California is very typical of what me might be reading for the next 20 years as California attempts to turn around the socioeconomic patterns that have led to the very parasite/host relationship it has with the residents of California. By population, one of the most favorite states in the nation, California embarked on a trip roughly 65 years ago, taking it into oncoming traffic in terms of laws and entitlements that could crush California from within.
Jerry Brown, the Govenor of California has a large job to do, possibly without the proper skillset to achieve what need to be done. Much like Europe, who is being taken down financially, country by country, California is being taken apart as a whole (hole) regarding debt. Meredith Whitney, the wall street advisor talked about this in 2010 (http://www.cnbc.com/id/39404684). Comparing California to Michigan, and the pressure it might ultimately burden the rest of the US with.
You have to ask yourself how out of touch the police in Wisconsin are, when they start picking winners and losers like the Federal Government.
This Marine was peacefully protesting, what looks like by himself, in the midst of an anti-Scott Walker protest, when he is approached by police and told unlike the rest of the crowd, he must stand in one place on public property.
Standing up for the same freedom he fought for while serving his country, we watch his freedoms erode in front of our eyes while watching this video.
Walker has turned around Wisconsin employment and raised the economic security for the majority.
Don’t be surprised is Scott Walker remains in office.
If you or your 401k is in the market, take note of the market action on Friday.
Friday looks to be a trend change. All commodities have been crushed the last 3-4 weeks.
Thursday, all commodities were going down and Friday the same things happened with one exception.
Gold bounced significantly on Friday while Oil continued down.
The dollar is still going north, along with Treasuries.
When these “legs” break we will see the beginning of much higher interest rates..
This student is working 2 jobs trying to help her family. But the state of Texas (who is normally anti-big goverment) institutes mandatory education laws that lead an individual such as this hard working student into the legal system for working harder than most adults, to assist their family.
It’s part of the job for American medical teams to care for civilians caught up in the bloody mess of Afghanistan fighting, so when a call came over the radio January 12, to help an injured three-year-old girl, an Army medical team rushed to save her.
The child had a bullet lodged in her back and had been doused by shrapnel, but when the medical unit arrived they found an even more pressing problem — a 22-year-old Marine Lance Corporal named Winder Perez had been hit as well — and the rocket propelled grenade (RPG) that had taken him down lay unexploded in his leg.
Read more: http://www.businessinsider.com/when-this-man-removed-a-live-grenade-from-a-wounded-marine-he-wasnt-the-only-hero–but-he-could-have-been-the-last-2012-6#ixzz1weWn96b0
This article represents what our military sees on a daily basis in all parts of the world.
Nothing short of heroes, US citizens, that step into situations voluntarily and change the world for the better through sacrifice.
People helping people, making a difference in the world. The uniform says US, and it symbolizes what the majority of the US stands for. Freedom, a hand up, and equality. Some call it nation building. But if US civil engineers in the middle east, were not assisting in building sanitation systems, along with the assistance of other nations, how long would it be until better living conditions were brought to thrid world countries.
It is alwasy a struggle to bring peace to warring countries that do not see a better way. It is also costly, timely, and never without a loss of lives.
The below graphic shows some amazing information.
If you look close you can see the will of the people to go out on their own and start new businesses while the environment created today by this administration make things very difficult for small business and new business in particular.
To me this is very motivating! That tells me that the Occupy BS, Gov, EPA, and the forces of “business be damned”, have not swayed the residents of this great country to give up.
Thanks to Visual.ly for putting this together.
Growing up, my personal life would have ended early many times, if one word that was not mentioned in our home growing up, yet was “assumed” to be the backbone of every decision made at the personal/individual level.
As I moved to Chicago, this word took on a much larger role in a culture that I was privileged to be exposed to.
The word is respect.
So much power, in such a easy to spell, 2 syllable word.
This word came to mind tonight, while I read a great article on RealClearPolitics.com, written by Michelle Malkin.
As a young male, I can recall having discussions with my older brother about certain topics. One topic in particular happened to be how one individual should treat another. With this brother being 10 plus years older than I, it still rings in my head. The male code of conduct is measured 100 different ways. While achievement, competition, understanding are all up for debate, the top of this list has a rule #1 that stands out, or did at one time and is the following:
Females should be treated with the utmost respect.
Now that we are on the same page, I am going to quote Michelle Malkin from an article that hopefully made more people stand up and think about what the hell is going on in this society, when we allow ourselves to be served up the dinner equivalent of “race horse stew”, waste time and spend money with people that allow these less than respectful individuals to take home $1 million dollar paychecks for content that cannot even be described as entertainment.
“It was Keith Olbermann, then at MSNBC and now at Al Gore’s Current TV, who wrote on Twitter that columnist S.E. Cupp was “a perfect demonstration of the necessity of the work Planned Parenthood does” and who called me a “mashed up bag of meat with lipstick on it.” He stands by those remarks. Olbermann has been a special guest at the White House.
Some of us have not forgotten when liberal Wisconsin radio host John “Sly” Sylvester outrageously accused GOP Lt. Gov. Rebecca Kleefisch of performing “fellatio on all the talk-show hosts in Milwaukee” and sneered that she had “pulled a train” (a crude phrase for gang sex). (Earlier, he called former Secretary of State Condoleezza Rice a “black trophy” and “Aunt Jemima.”)
Or when MSNBC misogynist Ed Schultz called talk show host Laura Ingraham a “talk slut” for criticizing Obama’s petty beer summit. Or when Playboy published a list of the top 10 conservative women who deserved to be “hate-f**ked.” The article, which was promoted by Anne Schroeder Mullins at Politico.com, included Ingraham, “The View’s” Elisabeth Hasselbeck, former Bush spokeswoman Dana Perino, GOP Rep. Michele Bachmann and others. Yours truly topped the list with the following description: a “highly f**kable Filipina” and “a regular on Fox News, where her tight body and get-off-my-lawn stare just scream, ‘Do me!’” “.
Thank you Michelle, for bringing this into the light in a way that very few people could ever do.
I read these words tonight and thought, is this what it takes to be a journalist? A talk show host? Who listens to these people?
Who are their sponsors? I can tell you that Politico is sponsored by companies such as The Wall Street Journal, Apple Computer, Forex.com, and Nissan. How can I feel comfortable as a reader and human being, reading sites like Politico, when the assumption is that they are “journalist” and reporting from a neutral slant. And then go forward to promote the vile content that is mentioned above.
Per Wikipedia, Free Speech in the US is covered here:
In the United States freedom of expression is protected by the First Amendment to the United States Constitution. There are several common law exceptions including obscenity, defamation, incitement, incitement to riot or imminent lawless action, fighting words, fraud and speech integral to criminal conduct. There are federal criminal law statutory prohibitions covering all the common law exceptions other than defamation, of which there are civil law statutory prohibitions, as well as making false statements in “matters within the jurisdiction” of the federal government, speech related to information decreed to be related to national security such as military and classified information, false advertising, perjury, privileged communications, trade secrets, copyright, and patents. Most states and localities have many identical restrictions, as well as harassment, and time, place and manner restrictions.
This is not journalism in any sense of the word
If I were a practicing attorney, I would be all over this! And Bill Maher would be on top of the list.
Analyzing and measuring your brand is not the easiest metric to chart. But lately, Pepsi did some amazing, in the trench work, that looks scaleable, duplicatable, and effective.
Watch this video and you might be amazed at what you see. Good luck with your brand management!
Even in business, miracles happen. But my favorite miracle that took place in my lifetime is in this video. US Airways flight 1549 lands in the Hudson as shown in this video.
US Airways Flight 1549 was US Airways’ scheduled domestic commercial passenger flight from LaGuardia Airport in New York City to Charlotte/Douglas International Airport, Charlotte, North Carolina. On January 15, 2009, the aircraft flying this route, an Airbus A320-214, was successfully ditched in the Hudson River adjacent to midtown Manhattan six minutes after takeoff from LaGuardia Airport after being disabled by striking a flock of Canada geese during its initial climb out. The incident became known as the “Miracle On The Hudson”.
Almost two years ago we told you that the federal government’s new long-term insurance program in health-care reform was unsustainable. But the administration added it anyway to make the health care reform law appear to be budget neutral.
Well, now Health and Human Services secretary Kathleen Sebelius agrees with us, and sent a letter to Congress acknowledging that her department has cancelled this big program because it could never be designed in a way that was actuarially sound. It was supposed to launch in 2013 (See letter at bottom)
So, a big pillar upholding health reform–a new government insurance program that was supposed to help pay for health reform–has crumbled.
Under the “Community Living Assistance Services and Supports (CLASS) program,” which was a priority of the late Sen. Edward Kennedy, (D-Mass.), active workers would have purchased long-term insurance coverage, usually through their employer.
Under the program, most individuals would be required to pay premiums estimated by the government at $240 per month at inception. Students and individuals under the federal poverty level would pay only $5 per month. If they became disabled, the program would provide a cash benefit of no less than an average of $50 per day, with no lifetime or aggregate limit. That money could then be used to buy nursing or stay-at home care.
This plan has not even started in terms of benefits to the American residents, and already they are taking benefits away from the program, and making changes to the plan that were supposed to make it more easily to be “paid for”.
Below is the letter from Katherine Sebelius to Congress regarding the ending of the CLASS portion of ObamaCare.
Secretary Sebelius’ Letter to Congress about CLASS
October 14, 2011
United States Capitol, Washington, DC
Dear Mr. Speaker:
Last year, the U.S. Department of Health & Human Services (HHS) initiated a comprehensive analysis of the Community Living Assistance Services and Supports (CLASS) program. The CLASS initiative — championed by the late Senator Edward M. Kennedy — was added as a separate program to health reform legislation with the goal of creating better long-term care insurance options for Americans. The Congressional Budget Office carefully analyzed this legislation and provided public estimates of how it would work and its effects on the Federal budget. And, the Administration worked with Congress to strengthen the program during congressional consideration of the Affordable Care Act.
For 19 months, experts inside and outside of government have examined how HHS might implement a financially sustainable, voluntary, and self-financed long-term care insurance program under the law that meets the needs of those seeking protection for the near term and those planning for the future. The work has been groundbreaking in many ways and has taught us a great deal, much of which is captured in the attached report. But despite our best analytical efforts, I do not see a viable path forward for CLASS implementation at this time.
In 2009, the actuary at the Centers for Medicare and Medicaid Services released a report to Congress during the consideration of the legislation that raised concerns about the program’s viability. Because of such concerns, the law passed by Congress required me to design a plan that would be actuarially sound and financially solvent for at least 75 years. The provision protected both taxpayers and beneficiaries. After all, if CLASS failed, no one would be hurt more than those who would pay into it and would be counting on it the most.
With this in mind, experts across HHS – including the CLASS Office, the Office of the Assistant Secretary for Planning & Evaluation and the Office of the General Counsel – have worked steadily to find a path forward on CLASS. We have undertaken a methodical and comprehensive analysis of the statute and plan design options.
We have broadly considered how to design potential benefit structures and reviewed those designs carefully to determine if they meet the twin tests of solvency and consistency with the law. We hired a chief actuary for the CLASS Office, engaged with other government actuaries, and worked with two outside actuarial firms in order to maximize the reliability of solvency estimates. I am proud of the careful and thorough approach that we have taken, engaging talented professionals across the Department and in the private sector.
Our work is detailed in the comprehensive report being transmitted to Congressional leadership with this letter. In the report, you will find the results of our actuarial and policy analyses of the CLASS Act along with our legal analysis of multiple plan design options. While the report does not identify a benefit plan that I can certify as both actuarially sound for the next 75 years and consistent with the statutory requirements, it reflects the development of information that will ultimately advance the cause of finding affordable and sustainable long-term care options.
The challenge that CLASS was created to address is not going away. By 2020, we know that an estimated 15 million Americans will need some kind of long-term care and fewer than three percent have a long-term care policy. These Americans are our family, our friends and our neighbors. If they are to live productive and independent lives, we need to make sure that they have access to the long-term care supports that make that possible.
We also know that left unaddressed, long-term care costs to taxpayers will only increase. Without insurance coverage or the personal wealth to pay large sums in their later years, more Americans with disabilities will rely on Medicaid services once their assets are depleted, putting further strain on State and Federal budgets.
The CLASS program seeks to address the critical need that Americans have for affordable long-term care services. The current market does not offer viable options for those unable to access private long-term care insurance. We look forward to continuing our work with you and your colleagues in Congress, consumer advocates, health care providers, insurers and other stakeholders to find solutions that ensure all Americans have the choices that best meet their needs.
Kathleen G. Sebelius
For the full aritcle on Fox click the link below.
Read more: http://www.foxbusiness.com/markets/2011/10/14/told-government-pulls-plug-on-health-reform-measure/#ixzz1atGK1bX4