Ezra Klein is the editor of Wonkblog and a columnist at the Washington Post, as well as a contributor to MSNBC and Bloomberg. His work focuses on domestic and economic policymaking, as well as the political system that's constantly screwing it up.
On Friday, the Obama administration made it official: CLASS is dismissed.
"CLASS" stands — or stood — for "Community Living Assistance Services and Supports." The idea was simple, or seemed to be: a voluntary insurance program that would cover home health-care options for adults who become disabled.
It was the late Sen. Ted Kennedy's brainchild, but the White House was cool to it in public and hostile in private. "Seems like a recipe for disaster to me," wrote one aide in a subsequently released e-mail.
The problem with CLASS was that it front-loaded its savings and back-loaded its costs.
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