In: Economics
If you were a political leader, would you make long-term care insurance mandatory for individuals over age 65? Why or why not? Provide detailed rationale.
Yes definitely insurance is mandatory albeit at premium costs for senior citizens as they add great deal of experience and welfare to social communities and it is moral right to insure and protect them and thereby reduce mortality rates as well as cover the family incase of sudden death. It also ensures faith in government and promotes democracy.
Various policies like Trumpcare in US and Modicare in India are great landmark policy which are acclaimed world-wide.