About this episode
Amelia Smith and thousands of Connecticut residents face skyrocketing long-term care insurance premiums, with some hikes exceeding tenfold. A bill aiming to address this issue has passed the Aging Committee, proposing public hearings and advance notice for significant rate increases. The state investigation reveals insurers underestimation of care costs, usage rates, and life expectancy as the root cause. The bill now moves to the Insurance Committee, with advocates pushing for action this session, as seniors like Smith grapple with the fear of losing care options due to unaffordable premiums.
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