I think it would be much better to provide a one year paid stipend so that a parent can be home with the children during their tender years.
This entire structure is set up to keep the boss happy while a stranger raises your child during their most formative and vulnerable years.
It's extremely sad, but a consistent finding in early childhood education is that the children who thrive most in daycares tend to come from the least advantaged backgrounds.
So a policy of paying parents to stay home would mostly benefit kids who are already well off.
Those poor kids have learning deficits. The "well-off" kids often have morality deficits.
A mom or dad raising them properly might help them more than being Student #642 in a government childcare facility.
This isn't an argument against childcare. My children attended preschool for 3 years before Kindergarten. But I'd rather that people got equal support to have a stay-at-home parent so that people can choose.
The market already has incentives to create them -- a ton of good places have waiting lists nationwide, showing unmet demand even at the current price. This suggests the price will need to go higher to attract enough people to do this job. It seems their "$12,000 value" estimate is based on an optimistic belief that they will be buying childcare for their citizens at current prices. When they realize there aren't that many slots available at current rates of pay, will they be okay significantly increasing the costs of the program?
So, my expectations for these facilities are very low and that's a big part of my concern.