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GAO Testimony: State Oversight of Long-Term Care Insurance Rate Setting and Claims Settlement Practices
U.S. Government Accountability Office [GAO]
July 25, 2008
23 pages. "As the baby boom generation ages, the demand for long-term care services is likely to grow and could strain state and federal resources. The increased use of long-term care insurance (LTCI) may be a way of reducing the share of long-term care paid by state and federal governments. Oversight of LTCI is primarily the responsibility of states, but over the past 12 years, there have been federal efforts to increase the use of LTCI while also ensuring that consumers purchasing LTCI are adequately protected." [GAO-08-1016T, published Jul. 24, 2008, released Jul. 24, 2008]
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