Obamacare Strikes Again!
MetLife Ends Sale of Long Term Care Insurance as Costs Increase
MetLife announced it’s discontinuing the sale of new long term care insurance coverage (LTCI) on Thursday. The decision comes after an extensive review of the business but will have no impact on existing insureds’ coverage as long as premiums are paid on time.
All current insureds can continue to make coverage changes per the terms of their policy or certificate, including inflation protection offers and requests to increase or decrease coverage.
Remember when Obama said if you liked your insurance you could keep it? What he didn't say was that you could keep it if they stayed in business...and he would work like hell to make sure they didn't.
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ObamaCare is successfully creating the healthcare insurance crisis it was designed to do. The Democrats should be so proud. I wonder what they will do when the SCOTUS rules that the individual mandate passed using the commerce clause is unconstitutional. By this time the damage will be done, the insurance companies will be in a shambles and we will be left with very few options. All thanks to ObamaCare!
ReplyDeleteIf the newly minted Republicans don't put the brakes on this starting in January, our healthcare infrastructure may be so badly compromised it will take decades to recover, if ever.
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