Foster, however, believes an average premium of $240 per month would be required to cover costs -- a price tag that likely would drive away all but the chronically ill.
As Foster wrote, "In general, voluntary, unsubsidized and non-underwritten insurance programs such as CLASS face a significant risk of failure as the result of adverse selection by participants." Foster sees "a very serious risk" that the CLASS Act will become "unsustainable."
Some call it a "death spiral" -- higher premiums chase away healthy consumers and remaining customers drive prices ever upward.
CLASS could be the next new unsolvable headache my generation passes on to the next.