“Investors Should Still Be Skeptical About GE’s Long-Term Care Obligations,” by Anders Keitz, The Street

Quote:

“General Electric Co.’s (GE – Get Report) finance unit, which is already planning to spend $15 billion over the next six years to bolster its legacy insurance portfolio, may have to add to that sum in future years, analysts said. Long-term care obligations still weigh on the Boston-based industrial conglomerate’s balance sheet, even though GE largely exited its insurance business more than a decade ago, under former CEO Jeff Immelt.”

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

Investors Should Still Be Skeptical About GE’s Long-Term Care Obligations

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