The CLASS government-managed long-term care insurance program has been tabled. In the fall of 2011, the Health and Human Services Department (HHS), which managed the program, reduced staffing at the CLASS office and pink-slipped its chief actuary.

Actuaries had long warned that adverse selection, a phenomenon where the sickest people are most likely to buy coverage, would cause the program to run out of funds unless it received taxpayer subsidies… [177 word article, November 2011]