“The nation’s long term care insurance companies paid $8.65 Billion in claim benefits to some 280,000 individuals in 2016 according to the American Association for Long-Term Care Insurance.”
LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform):
By comparison, Medicare and Medicaid paid 55.7% of $156.8 billion total nursing home expenditures in 2015 and
75.7% of $88.8 billion spent on home health care. For why government pays so much, private insurance so little, and why it matters, see LTC Bullet: So What If the Government Pays for Most LTC?, 2015 Data Update, Tuesday, December 6, 2016.
Long Term Care Insurance Industry Paid $8.65 Billion in Claims