national health care what is the class act. >> class act was an attempt to raise money to pay for obama health care. >> greta: national health care bill or separate from. >> part of the obama health care. class act would allow the federal government for the first time ever to get into long-term health care insurance business. you can buy long-term health care now. the federal government was going to sell it as a new entitlement and the money collected in policeman yums for the first 10 years of the program were going to be used to pay for obama health care to cover the uninsured. the "the washington post" -- >> greta: you mean people outside the class act or finance the class act during the -- >> -- the money collected in premiums from class act insurance sales was not going to be used in the first 10 years to pay people when they wanted their health care. it was going to be used to make obama health care deficit neutral. called a ponzi scheme. kent conrad said this class act was a ponzi scheme that would make bernie madoff blush. a ponzi scheme is when i take money from you and i take your
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