- 403
LTC death spiral killed National States, to cite a recent example. Conseco (now SHIP) further back.
Big rate increases on major medical are to cover next year's claims. Past rates might have been OK.
But big rate increases on LTC are for life. They mean the rates have been too low for too long. It might not mean the carrier has lost money, just that they expect to lose money - perhaps far out in the future.
Big rate increases on major medical are to cover next year's claims. Past rates might have been OK.
But big rate increases on LTC are for life. They mean the rates have been too low for too long. It might not mean the carrier has lost money, just that they expect to lose money - perhaps far out in the future.