“Another Shock To The Long-Term Care Insurance Industry”, by Howard Gleckman, Forbes

“Last week, I attended the industry’s annual conference in Chicago. Many programs focused on finding better ways to measure risk and others were about dementia—the single biggest uncertainty for both carriers and consumers. Roughly half of all long-term care insurance claims come from policyholders with Alzheimer’s and other dementias. Other sessions discussed public options for long-term care coverage, such as pending legislation in Washington State to create a social insurance benefit of $36,500. Many insurance executives who had long criticized public programs such as Washington’s, now see it as an opportunity to rethink private insurance.”

LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform):

This ideologically biased author never misses a chance to hit LTCI while it’s down and to advocate for more failed government financing.”