“Insurance on Insurers: How State Insurance Guaranty Funds Protect Policyholders,” by Daniel Hartley, Federal Reserve Bank of Chicago “How insurance insolvency resolution has worked in practice. … The two largest failures (presented in order of size from the second-largest to the largest) illustrate some of the potential risks of the system and how varied the resolution process experience may be across policyholders. Example 1: Penn Treaty Penn Treaty Network America Insurance Company was a medium-sized insurer that predominately issued long-term care insurance.”   LTC Comment, Stephen A. Moses, President, Center for Long-Term Care Reform: For the insolvency resolution story on
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“The War on Prices: How Popular Misconceptions about Inflation, Prices, and Value Create Bad Policy,” Cato Institute “Market prices are under siege. The war on prices is waged most obviously with damaging government price controls and the harmful effects of central bank monetary mismanagement. Yet these bad policies are propped up by widespread, misguided public beliefs about the causes of inflation, the effects of price controls, and the inherent morality of market prices.”   LTC Comment, Stephen A. Moses, President, Center for Long-Term Care Reform: Inflation is the hidden tax imposed by government to pay for its irresponsible fiscal and
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“Ageless Aging: A Woman’s Guide to Increasing Healthspan, Brainspan, and Lifespan,” by Maddy Dychtwald “Ageless Aging presents a pioneering new way for women to feel youthful, energetic, and vital while gaining the upsides of aging, including more happiness, wisdom, and resilience. It provides a holistic action plan based on cutting-edge research that helps women take advantage of the scientific, medical, psychological, and spiritual tools, tips, and advice available to help women live better longer.”   LTC Comment, Stephen A. Moses, President, Center for Long-Term Care Reform: Everything from the Dychtwalds is worth checking out.   Subscribe to GoldenCare News  
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“A solution to the crisis in long-term care? The Big Story,” by Cathrin Bradbury, City News “Ask anyone how they want to spend their final years, and nobody will say “in a long-term care facility.” And that was true ever before the pandemic showed us just how awful they can be. Most people want to grow old in their own home, but many of them simply can’t access the care they need as they age. What if there was a way to meet in the middle of those two problems? A solution that would ease the burden on LTC facilities,
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“Nursing homes wield pandemic immunity laws to duck wrongful death suits,” by Fred Schulte, KFF Health News “More than four years after COVID first raged through many U.S. nursing homes, hundreds of lawsuits blaming patient deaths on negligent care have been tossed out or languished in the courts amid contentious legal battles. Even some nursing homes that were shut down by health officials for violating safety standards have claimed immunity against such suits, court records show. And some families that allege homes kept them in the dark about the health of their loved ones, even denying there were cases of
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“Long-term care: Options and considerations,” Fidelity “The need for long-term care as we age can be financially, physically, and emotionally taxing. Coverage options can include traditional long-term care policies, Medicaid, and hybrid policies. If you’re considering a policy, think carefully about when to buy and about the features that make sense for your situation.”   LTC Comment, Stephen A. Moses, President, Center for Long-Term Care Reform: Very promising to see a big investment firm recommending LTC planning. Unfortunately, it mentions Medicaid as an option without explaining the welfare program’s deficiencies. But, all in all, a good development. We thank Mark
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