“Long-term care insurance could create huge fiscal burden for adult children of aging boomers,” by Bonnie-Jeanne MacDonald, Samir Sinha, and Alyssa Brierley, Financial Post
“Alternatively, if we create a national LTC insurance program that asks the younger generation to immediately fund new LTC benefits to older people (i.e., those who haven’t paid into it), there will be a major issue of intergenerational fairness, particularly given that this younger generation will also be called on to provide significant levels of voluntary care to older Canadians.”
LTC Comment, Stephen A. Moses, President, Center for Long-Term Care Reform:
Sounds like a plan Charles Ponzi would love.
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