“Long-Term Care Insurer Pain May Hit More Companies,” by Allison Bell, ThinkAdvisor
“Some state insurance regulators want to increase the number of insurers that help protect consumers against long-term care insurance (LTCI) issuer failures. . . . The team hopes to pull at least some health maintenance organizations into the guaranty associations that protect health insurers against insolvencies. The team may also try to merge the guaranty association accounts for health insurers with the accounts for issuers of life insurance and annuities.”
LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform):
Something tells me HMOs and life insurers may not like this idea.
Long-Term Care Insurer Pain May Hit More Companies