“Genworth Posts LTCI Rate Hike Update,” by Allison Bell, ThinkAdvisor

“Genworth Financial Inc. today told investors it’s continuing to get approvals from state insurance regulators for substantial long-term care insurance (LTCI) rate increases. The Richmond, Virginia-based insurer said it had received approvals for 75 increases by Sept. 30. That compares with an LTCI rate increase approval total of 96 for all of 2016, and 69 approvals for all of 2015.”

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

Yikes, more rate hikes! But put this in context. Private insurers raise premiums in order to ensure they’ll be able to meet contractual promises. Compare that responsible behavior to the purveyors of social insurance who make unfunded promises they’ll never be able to keep. Yet who gets the criticism and who the praise?

Waiting Your Turn: Wait Times for Health Care in Canada, 2017 Report

#fraser
#canada
#goldencareagent