“California to Reality-Check $144K Public Long-Term Care Benefits Package”

“California to Reality-Check $144K Public Long-Term Care Benefits Package,” by Allison Bell, ThinkAdvisor

Quote:

“California policymakers have paid a consulting firm to tell it how much setting up an attractive public long-term care benefits program might cost. The California Long Term Care Insurance Task Force has developed a list of five possible LTC benefits programs, and it has hired Oliver Wyman to study each proposal’s finances. The state would use a payroll tax to pay for a new LTC benefits program. The task force expects Oliver Wyman to report back by Jan. 1, 2024. California lawmakers would then decide whether to implement an LTC program.”

 

LTC Comment, Stephen A. Moses, President, Center for Long-Term Care Reform:

Will CA follow WA Cares’ primrose path? Can they do better than CalPERS? Don’t bet on it. Governments rarely learn from each other’s mistakes.