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Lawmakers: Eliminate Nebraska long-term care savings program

LINCOLN, Neb. (AP) — A legislative committee is recommending the elimination of a state program that was supposed to encourage Nebraska residents to save for their long-term care needs.

The Performance Audit Committee announced Friday that it will introduce a bill next year to scrap the Long-Term Care Savings Plan.

The committee audited the program to see whether it was fulfilling its goal of reducing the state's Medicaid and long-term care costs, and concluded that it hasn't had a noticeable effect. The program was created in 2006.

Senator Dan Watermeier of Syracuse, the committee chairman, says getting people to save for long-term care is a problem around the country, but current policy options haven't been good at solving it.

State Treasurer Don Stenberg, whose office oversees the program, agreed that it should be eliminated.

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