President Obama wants to create a Universal Displaced Worker Program to provide individuals with high-quality job-search assistance and access to critical skills training for high-growth industries.
The starting point for that program, the twenty-first-century equivalent of Social Security, should be universal health care, something every other advanced country already has.
Like most financing experts, David believes a universal program is probably the only way to solve the participation and adverse selection problems that plague voluntary long-term care insurance.