Thursday, January 20, 2011

Israel May Increase Healthcare Tax to Pay for Aging Population

Many countries have been concerned with how to best pay for aging baby boomers and seniors. Israel's deputy health minister Yaakov Litzman recently proposed increasing the country's healthcare tax by 0.5 percent to pay for geriatric insurance for all citizens, according to the Haaretz newspaper.

Approximately 64 percent of Israelis have an iteration of this package, but these are generally only offered by extended insurance plans.

Litzman announced the new reform at a recent conference at the National Institute for Health Policy, explaining that it would be the next big change in the healthcare system, the news source reports.

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