Cory Booker's long-term care plan

New Jersey Sen. Cory Booker, a Democratic candidate for president, proposed a long-term health plan to address the growing need for long-term services as the population of Americans over age 65 continues to grow, Politico reports.

The plan expands Medicaid coverage for long-term services by increasing the amount of assets a person can have to $200,000 and increasing income limits to 300 percent of the federal poverty level. Mr. Booker's plan also would increase the minimum wage for long-term care workers to $15 per hour plus benefits.

The total cost of the plan is uncertain, but Mr. Booker plans to fund it through increases to federal taxes, according to the report.

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