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Social impact bonds could cost taxpayers more, keep kids who need help out of care: experts – CBC

by pmnationtalk on January 8, 201915 Views

‘I don’t like the idea. I don’t,’ says economics prof

January 08, 2019

Economic experts warn the province’s social impact bond program designed to keep babies with their mothers will cost Manitobans more than if the province simply funded the program itself.

The two-year pilot project, Restoring the Sacred Bond, would match Indigenous doulas up with up to 200 at-risk expectant mothers to support them through pregnancy and following childbirth.

The province wants $3 million from private investors to pay for it, a sum it says it’s budgeted for if the program successfully reduces the number of children in care by a set target.

Read More: https://www.cbc.ca/news/canada/manitoba/social-impact-bonds-ethics-economics-1.4969492

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