Childcare doesn't end at 1 year though. If you look at public schools as child care, most don't start until kindergarten (about 5 years old). What do you do for the remaining 4 years? And during summer break? And after-school care? This program covers all of those.
Forcing parents back into the workforce early is unfortunate and does need to be addressed. However, this program seems to be addressing a different and still vital issue.