Community Living Assistance Services And Supports Act
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Community Living Assistance Services And Supports Act
The Community Living Assistance Services and Supports Act (or CLASS Act) was a U.S. federal law, enacted as Title VIII of the Patient Protection and Affordable Care Act. The CLASS Act would have created a voluntary and public long-term care insurance option for employees,PriceWaterHouseCoopers. “The CLASS Act.” HRS Insight: Human Resource Services. 2010: 1-6. Web.Carney, Timothy (2011-02-28So, yeah, the health-care bill was really an awful piece of legislation that sent the revolving door spinning faster ''Washington Examiner'' but in October 2011 the Obama administration announced it was unworkable and would be dropped. The CLASS Act was repealed January 1, 2013. Under the Act the Department of Health and Human Services was to set the terms prior to implementation, but determined the program was not viable and could not go into effect.“Health Care Reform and LTC: CLASS Provisions.” LTC Newslink 1681. 2010: 1-5. Print. The CLASS Act had been "a key priority" of the late S ...
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Charles B
Charles is a masculine given name predominantly found in English and French speaking countries. It is from the French form ''Charles'' of the Proto-Germanic name (in runic alphabet) or ''*karilaz'' (in Latin alphabet), whose meaning was "free man". The Old English descendant of this word was '' Ċearl'' or ''Ċeorl'', as the name of King Cearl of Mercia, that disappeared after the Norman conquest of England. The name was notably borne by Charlemagne (Charles the Great), and was at the time Latinized as ''Karolus'' (as in ''Vita Karoli Magni''), later also as '' Carolus''. Some Germanic languages, for example Dutch and German, have retained the word in two separate senses. In the particular case of Dutch, ''Karel'' refers to the given name, whereas the noun ''kerel'' means "a bloke, fellow, man". Etymology The name's etymology is a Common Germanic noun ''*karilaz'' meaning "free man", which survives in English as churl (< Old English ''ċeorl''), which developed its depr ...
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Mercer Group
Mercer may refer to: Business * Mercer (car), a defunct American automobile manufacturer (1909–1925) * Mercer (consulting firm), a large human resources consulting firm headquartered in New York City * Mercer (occupation), a merchant or trader, more specifically a merchant who deals in textiles (mercery) * Mercer Pottery Company, a defunct American company * Mercer Union, an artist-run centre in downtown Toronto, Ontario * A member of the London guild of the Worshipful Company of Mercers Education * Mercer University, a private, coeducational university with its main campus in Macon, Georgia, United States. People * Mercer (surname), a list of people with the surname * Mercer (given name), a list of people so named Places United States * Fort Mercer, American Revolution fort along the Delaware River in New Jersey * Mercer, Iowa, an unincorporated community * Mercer, Maine, a town * Mercer, Missouri, a city * Mercer, North Carolina, an unincorporated community * Mercer, ...
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Washington (state)
Washington (), officially the State of Washington, is a state in the Pacific Northwest region of the Western United States. Named for George Washington—the first U.S. president—the state was formed from the western part of the Washington Territory, which was ceded by the British Empire in 1846, by the Oregon Treaty in the settlement of the Oregon boundary dispute. The state is bordered on the west by the Pacific Ocean, Oregon to the south, Idaho to the east, and the Canadian province of British Columbia to the north. It was admitted to the Union as the 42nd state in 1889. Olympia is the state capital; the state's largest city is Seattle. Washington is often referred to as Washington state to distinguish it from the nation's capital, Washington, D.C. Washington is the 18th-largest state, with an area of , and the 13th-most populous state, with more than 7.7 million people. The majority of Washington's residents live in the Seattle metropolitan area, the center of trans ...
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Subsidy
A subsidy or government incentive is a form of financial aid or support extended to an economic sector (business, or individual) generally with the aim of promoting economic and social policy. Although commonly extended from the government, the term subsidy can relate to any type of support – for example from NGOs or as implicit subsidies. Subsidies come in various forms including: direct (cash grants, interest-free loans) and indirect (tax breaks, insurance, low-interest loans, accelerated depreciation, rent rebates). Furthermore, they can be broad or narrow, legal or illegal, ethical or unethical. The most common forms of subsidies are those to the producer or the consumer. Producer/production subsidies ensure producers are better off by either supplying market price support, direct support, or payments to factors of production. Consumer/consumption subsidies commonly reduce the price of goods and services to the consumer. For example, in the US at one time it was cheaper to buy ...
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Revolving Door (politics)
In politics, a revolving door is a situation in which personnel move between roles as legislators and regulators, on one hand, and members of the industries affected by the legislation and regulation, on the other, analogous to the movement of people in a physical revolving door.It also includes the movement of government personnel into lobbying firms working for these industries, and vice versa. In some cases, the roles are performed in sequence, but in certain circumstances they may be performed at the same time. Political analysts claim that an unhealthy relationship can develop between the private sector and government, based on the granting of reciprocated privileges to the detriment of the nation, and can lead to regulatory capture. The term has also been used in a different context, to refer to the constant switching and ousting of political leaders from offices such as in Australia (which changed Prime Ministers 6 times from 2007-2018) and Japan. Overview Previous wo ...
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Ponzi Scheme
A Ponzi scheme (, ) is a form of fraud that lures investors and pays profits to earlier investors with funds from more recent investors. Named after Italian businessman Charles Ponzi, the scheme leads victims to believe that profits are coming from legitimate business activity (e.g., product sales or successful investments), and they remain unaware that other investors are the source of funds. A Ponzi scheme can maintain the illusion of a sustainable business as long as new investors contribute new funds, and as long as most of the investors do not demand full repayment and still believe in the non-existent assets they are purported to own. Some of the first recorded incidents to meet the modern definition of the Ponzi scheme were carried out from 1869 to 1872 by Adele Spitzeder in Germany and by Sarah Howe in the United States in the 1880s through the "Ladies' Deposit". Howe offered a solely female clientele an 8% monthly interest rate and then stole the money that the women ...
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Kent Conrad
Gaylord Kent Conrad (born March 12, 1948) is a former American politician who was a United States Senator from North Dakota. He is a member of the North Dakota Democratic-NPL Party, the North Dakota affiliate of the Democratic Party. First elected to the Senate in 1986, he served as chairman or Ranking Member of the Senate Budget Committee for 12 years. On January 18, 2011, Conrad announced that he was retiring from politics and would not run for reelection in 2012. He said in a statement that it was more important that "I spend my time and energy trying to focus on solving the nation's budget woes than be distracted by another campaign." Fellow Democrat Heidi Heitkamp was elected to replace him. Conrad currently co-chairs the Bipartisan Policy Center's Commission on Retirement Security and Personal Savings. He is also a member of the ReFormers Caucus of Issue One. In addition, he serves on the board of directors of the Committee for a Responsible Federal Budget. Early life Conr ...
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Republican Party (United States)
The Republican Party, also referred to as the GOP ("Grand Old Party"), is one of the two major contemporary political parties in the United States. The GOP was founded in 1854 by anti-slavery activists who opposed the Kansas–Nebraska Act, which allowed for the potential expansion of chattel slavery into the western territories. Since Ronald Reagan's presidency in the 1980s, conservatism has been the dominant ideology of the GOP. It has been the main political rival of the Democratic Party since the mid-1850s. The Republican Party's intellectual predecessor is considered to be Northern members of the Whig Party, with Republican presidents Abraham Lincoln, Rutherford B. Hayes, Chester A. Arthur, and Benjamin Harrison all being Whigs before switching to the party, from which they were elected. The collapse of the Whigs, which had previously been one of the two major parties in the country, strengthened the party's electoral success. Upon its founding, it supported c ...
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American Taxpayer Relief Act Of 2012
The American Taxpayer Relief Act of 2012 (ATRA) was enacted and passed by the United States Congress on January 1, 2013, and was signed into law by US President Barack Obama the next day. ATRA gave permanence to the lower rates of much of the "Bush tax cuts". The Act centers on a partial resolution to the US fiscal cliff by addressing the expiration of certain provisions of the Economic Growth and Tax Relief Reconciliation Act of 2001 and the Jobs and Growth Tax Relief Reconciliation Act of 2003 (known together as the "Bush tax cuts"), which had been temporarily extended by the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010. The Act also addressed the activation of the Budget Control Act of 2011's budget sequestration provisions. A compromise measure, the Act gives permanence to the lower rate of much of the Bush tax cuts, while retaining the higher tax rate at upper income levels that became effective on January 1 due to the expiration of the ...
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Adverse Selection
In economics, insurance, and risk management, adverse selection is a market situation where buyers and sellers have different information. The result is that participants with key information might participate selectively in trades at the expense of other parties who do not have the same information. In an ideal world, buyers should pay a price which reflects their willingness to pay and the value to them of the product or service, and sellers should sell at a price which reflects the quality of their goods and services. For example, a poor quality product should be inexpensive and a high quality product should have a high price. However, when one party holds information that the other party does not have, they have the opportunity to damage the other party by maximising self-utility, concealing relevant information, and perhaps even lying. Taking advantage of undisclosed information in an economic contract or trade of possession is known as adverse selection. This opportunity ...
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Gang Of Six
In the politics of the United States, the Gang of Six refers to one of three bipartisan groups of six Senators consisting of three Democrats and three Republicans. One group, active in 2009, focused on health care reform in the United States during the 111th United States Congress. A different group, active in 2011, followed up the compromise on the United States public debt from the National Commission on Fiscal Responsibility and Reform. A third group, active in 2018, was focused on the Senate immigration debate. Health care, 2009 During 2009, the Gang of Six consisted of six members of the Senate Finance Committee of the 111th United States Congress who attempted to negotiate a compromise to pass a health care reform bill. Among the bills under consideration at the time were the United States National Health Care Act, the America's Affordable Health Choices Act of 2009, the Healthy Americans Act (Wyden–Bennett), and the America's Healthy Future Act (Baucus plan). Th ...
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Lindsey Graham
Lindsey Olin Graham (born July 9, 1955) is an American lawyer and politician serving as the senior United States senator from South Carolina, a seat he has held since 2003. A member of the Republican Party, Graham chaired the Senate Committee on the Judiciary from 2019 to 2021. A native of Central, South Carolina, Graham received his Juris Doctor degree from the University of South Carolina School of Law in 1981. Most of his active duty during his military service happened from 1982 to 1988, when he served with the Judge Advocate General's Corps in the United States Air Force, as a defense attorney and then with the Air Force's chief prosecutor in Europe, based in West Germany. Later his entire service in the U.S. Air Force Reserve ran concurrently with his congressional career. He was awarded a Bronze Star Medal for meritorious service in 2014 and held the rank of colonel. Graham worked as a lawyer in private practice before serving one term in the South Carolina House of Re ...
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