“Medi(long-term)care for all: A look Into the future of long-term care insurance—Part one,” by Stephanie Moench and Shawn Stender, Society of Actuaries Long-Term Care News

Quote:

“The need for long-term care (LTC) services has been fairly well documented since the inception of the private LTC insurance industry in the 1980s. The need for LTC is not going away, especially as the population continues to age. This article explores three possible future paths for LTC insurance funding and the associated implications for the private LTC industry.”

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

Read this thoughtful article and listen to a podcast about it. The piece reasonably portrays the pre-pandemic situation and outlook for LTCI. But in the meantime, social, political and economic conditions have changed radically. For perspective on how the pandemic’s paroxysm of debt monetization will affect LTCI, read this coming Friday’s “LTC Bullet: The Gold Standard for Long-Term Care Insurance.”