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Pennsylvania Uses Tobacco Settlement Funds For LTC

Wed, 03/29/2000 - 1:00am — Karen Stevenson
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Pennsylvania expects to receive about $11 billion over the next 25 years from its share of the tobacco settlement. Governor Tom Ridge has announced his intention to use all of the proceeds on healthcare needs in the state, and the legislature supported his efforts by enacting the Tobacco Settlement Act. About 15% of the $11 billion will be targeted for home and community-based care, and other moneys will go to medical research and insurance for the uninsured.

Pennsylvania expects to receive about $11 billion over the next 25 years from its share of the tobacco settlement. Governor Tom Ridge has announced his intention to use all of the proceeds on healthcare needs in the state, and the legislature supported his efforts by enacting the Tobacco Settlement Act. About 15% of the $11 billion will be targeted for home and community-based care, and other moneys will go to medical research and insurance for the uninsured.