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Jenny Ivy, benefitspro: Fitch Ratings says Long-Term Care Insurance (LCTI) remains a drag on life insurers

Fitch Ratings says Long-Term Care Insurance (LCTI) remains a drag on life insurers
by Jenny Ivy, October 12, 2011


An example of what a republican “insurance by voucher” plan would look like — because of “competition,” it wouldn’t cover basic needs, or just barely that. Pricing for services gets added on, prices  to keep the out riff-raff and their riff-raff diseases. That’s one of the services. There is no mission of healthcare; it’s more like storing furniture or moldy food. Residents are property, and the wrong kind are kept out in sort of the opposite of a quarrantine, and we live in the age of political negatives at the moment. i have a whole heap more to say about this. as we go along

Consider for a moment: Your LCTI dollars are going to pay bankers as well as the salaries of people like Jenny Ivy at benefitspro, the folks at Fitch Ratings about whose frowningness Jenny writes, the other organization that did the photo shoot for the slide on the right, same issue different company. and all the support infrastructure that goes with it. That’s before it goes to pay the rent when you are too old and sick to work, these corporate folks are nattering that patients are living too long, thus cutting into their profits. of course, assisted care institutions are raisingt their prices faster than inflation to “grow” their market shares just like big pharma and medical school hospitals. and then suddenly there’s not enough money down the line when it’s the bankers turn to pay you. 

alan grasyon’s deduced republican healthcare rules apply: 1) Don’t get sick; and 2)Die quickly


The long-term care insurance market continues to be plagued by adverse claims experience and poor overall results, which has led to rate instability, insurer solvency concerns, and market exits by several major insurers, Fitch Ratings said Wednesday.

Fitch announced a new report, which analyzes the outlook for the LTC industry.

Based on Fitch’s analysis of recent statutory financial statements, individual LTC results continue to be negatively affected by legacy blocks that incorporated pricing assumptions based on limited historical data.

“Fitch views long-term care insurance as one of the most risky products sold by U.S. life insurers,” said Managing Director Douglas Meyer. “In addition to ongoing concerns over adverse claims experience on older legacy LTC business, the current low interest rate environment presents further challenges to LTC insurers.”

Over the near term, Fitch expects ongoing earnings challenges due to current low interest rates and ongoing drag associated with underperforming legacy business, which will mitigate the earnings benefit associated with more conservatively priced new business and the implementation of premium rate increases on in-force business.

The recent exit of a number of major insurers from the LTC market improves the outlook for remaining LTC writers to further strengthen pricing on new business and help facilitate the approval of in-force premium rate increases, which should have a positive effect on aggregate industry results over time.

About the Author

Jenny IvyJenny Ivy

Jenny Ivy is managing editor for She can be reached

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