“CalPERS faces ‘very serious risk’ in $1.2 billion long-term care case, judge warns,” by Wes Venteicher, The State Worker

“A judge is urging CalPERS to settle a major lawsuit over price increases for its long-term care insurance policies, suggesting the system could have to pay a lot of money if the lawsuit goes to a jury trial in October. … Superior Court Judge William Highberger issued a tentative ruling last month saying he was inclined to decide CalPERS raised rates for an impermissible reason for a group of about 85,000 policyholders with a unique plan benefit.”

 

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

So much for CalPERS showing the private sector how to do LTCI right.