The Obama Administration is finally publicly admitting what critics of ObamaCare have known about the CLASS Act (the new long-term care entitlement program created in ObamaCare) prior to ObamaCare passing Congress - that the program was completely unsustainable.

On October 14, 2011, HHS Secretary Kathleen Sebelius notified Congress that the there was no "viable path forward for CLASS implementation at this time." She also indicated that the program would be suspended indefinitely.

The Congressional Budget Office had originally advised Congress that the CLASS Act would increase federal revenue by $86 billion from 2012 to 2021 (critics correctly called this a budget gimmick in ObamaCare because this provision would collect revenue in the short term while the major costs of the CLASS Act would occur in the out years).  With the suspension of the CLASS Act, ObamaCare will lose that "revenue" that helped give ObamaCare the appearance that the law was budget neutral.  

This comes on the heals of Congress repealing ObamaCare's 1099 reporting provision that was also supposed to produce $17 billion in revenue over 10 years.  As a result, ObamaCare has lost $103 billion in revenue over the past 18 months and the law is not even scheduled to take effect for another 27 months. This shows that the financial footing of ObamaCare will not be budget neutral and makes it even more imperative that Congress repeal the law.

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