Over the next three decades, the population of those 65 and over in the U.S. will nearly double. Many of those seniors will need extra medical attention. The problem is we’re not equipped to handle it. It’s already a problem now. We have a lack of funding, facilities and staffing, while costs are exorbitant.
Fortunately, Minnesota Sen. Kent Eken, D-Twin Valley, has an excellent plan. Once again, Eken is pushing for a Constitutional amendment to raise $1 billion over two years for long-term care in Minnesota. Only 4% of Minnesotans, people making more than $137,700 a year, would pay the additional taxes to fund it. The $137,700 figure is where we foolishly have a cap on paying social security taxes.