“Placing a good portion of the blame for the cost increase on the Office of Personnel Management (OPM), three Democratic lawmakers expressed their ‘outrage over the dramatic premium increases,’ in a letter sent Friday to acting OPM director Beth Cobert. Reps. Chris Van Hollen (Md.), Gerald E. Connolly (Va.) and Don Beyer (Va.) signed the letter.”
LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform):
Answer to title question: No! Members of Congress who want to know who’s to blame for premium increases should look in the mirror. They made LTCI (1) unmarketable by making Medicaid too easy to obtain and (2) unaffordable by letting the Fed force interest rates to nothing. The Federal LTC Insurance Program is only doing the responsible thing by ensuring premiums cover future claims. Unlike Congress’s failure to fund Medicare and Social Security.