“One state’s single-payer push now includes LTC insurance,” by Marty Stempniak, McKnight’s LTC News
“New York is taking another stab at adopting a single-payer healthcare system, and the effort includes coverage for long-term care. … The revenue to fund the bill likely would involve a progressive tax on some income, such as dividends and capital gains. A previous analysis by the Rand Corp. estimated that adding long-term care benefits would increase costs to the state by upward of $22 billion. That would amount to a total cost of about $139 billion in 2022, more than the state’s entire budget, Crain’s reported earlier this week.”
LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform):
The LTC equivalent of the “green new deal.” California just abandoned another fantasy project, high-speed rail.