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Sun, Apr 15 2012 18:16:23

LTCA Twitter Chat for April 10th, 2012

LTCi Chat Open to Consumers, Media & Producers. First of a Series

  1. ltcassociates
    LTCA INC@ltcassociates
    #ltcachat Welcome @BettyMWhite and thx for stopping by! I will defer the 1st #LTC question to you my dear...
    Tue, Apr 10 2012 16:01:23
  2. ltcassociates
    LTCA INC@ltcassociates
    #ltcachat Betty asks about "the oldest old".... (85+). Did you know America had just 100k at turn of Century, but 5.7M by 2006! #LTC
    Tue, Apr 10 2012 16:05:24
  3. ltciguy
    Gary Forman@ltciguy
    #ltcachat Fewer LTCi carriers. Good, bad, or just the nature of things in your opinion?
    Tue, Apr 10 2012 16:05:56
  4. ltcassociates
    LTCA INC@ltcassociates
    #ltcachat Great question!
    Tue, Apr 10 2012 16:06:53
  5. ltcassociates
    LTCA INC@ltcassociates
    #ltcachat In 1997 we had 117-odd carriers offering #LTCi...whoever said that was the "right" amount?
    Tue, Apr 10 2012 16:08:00
  6. ltcassociates
    LTCA INC@ltcassociates
    #ltcachat When media says carriers are "fleeing" the market, it's actually a normal business cycle. We see it in other industries routinely
    Tue, Apr 10 2012 16:08:41
  7. laurenatpweb
    Lauren McNitt@laurenatpweb
    Hi Steve! Can you give examples of where this has occurred in other biz, and how you see the LTC market rebounding? #ltcachat
    Tue, Apr 10 2012 16:10:01
  8. ltciguy
    Gary Forman@ltciguy
    #ltcachat Yes, but isn't it better for the consumer to have more choice?
    Tue, Apr 10 2012 16:11:01
  9. ltcassociates
    LTCA INC@ltcassociates
    #ltcachat @laurenatpweb Hi Lauren, here's a great paper on that very topic bit.ly/IKTile but let me expand on it as well...
    Tue, Apr 10 2012 16:12:26
  10. ltcassociates
    LTCA INC@ltcassociates
    #ltcachat The economic paper I linked to came out in 2002, and expounded on a paper from 1976. The authors looked at over 200 industries
    Tue, Apr 10 2012 16:14:06
  11. ltcassociates
    LTCA INC@ltcassociates
    #ltcachat I won't bore you with details, but #LTCI industry will contract-- as all do-- into a few top sellers, and other niche specialists
    Tue, Apr 10 2012 16:15:13
  12. ltcassociates
    LTCA INC@ltcassociates
    #ltcachat You see this in every Mall in America... general Dept Stores and niche Specialist stores catering to products and/or Demo's #LTC
    Tue, Apr 10 2012 16:16:05
  13. ltcassociates
    LTCA INC@ltcassociates
    #ltcachat We still have plenty of great choices in #LTCi! All kinds of options, price ranges & riders for consumers. Industry is strong : )
    Tue, Apr 10 2012 16:17:05
  14. laurenatpweb
    Lauren McNitt@laurenatpweb
    Some states are trying to regulate premium increases. How will this affect the industry? #ltcachat
    Tue, Apr 10 2012 16:17:16
  15. ProducersWEB
    ProducersWEB@ProducersWEB
    RT @ltcassociates: #ltcachat We still have plenty of great choices in #LTCi! All kinds of options, price ranges & riders for consumers. Industry is strong : )
    Tue, Apr 10 2012 16:18:45
  16. ltcassociates
    LTCA INC@ltcassociates
    #ltcachat @laurenatpweb Yes, I think HI and CT were the last ones I saw (could be wrong) doing this. Thankfully it failed to pass in CA...
    Tue, Apr 10 2012 16:19:32
  17. ltcassociates
    LTCA INC@ltcassociates
    #ltcachat When states try to regulate premium increases, it necessarily "kicks the can down the road" and makes for a bigger can (!) #LTCI
    Tue, Apr 10 2012 16:20:21
  18. laurenatpweb
    Lauren McNitt@laurenatpweb
    Join #ltcachat! We're chatting about the future of long term care insurance with industry expert Steve Forman. He's taking Qs.
    Tue, Apr 10 2012 16:21:17
  19. ltcassociates
    LTCA INC@ltcassociates
    #ltcachat I understand it comes from a "consumer protection" heart of gold, but it's the same unintended consequence over & over again
    Tue, Apr 10 2012 16:21:23
  20. laurenatpweb
    Lauren McNitt@laurenatpweb
    Can LTC carriers survive that type of regulation? #ltcachat
    Tue, Apr 10 2012 16:22:31
  21. ltcassociates
    LTCA INC@ltcassociates
    #ltcachat I'd love to take a question from @BettyMWhite, who I understand joined Twitter today : )
    Tue, Apr 10 2012 16:22:37
  22. ltcassociates
    LTCA INC@ltcassociates
    #ltcachat @laurenatpweb You mean had it passed in CA, for instance? I am led to believe that carriers would react negatively
    Tue, Apr 10 2012 16:23:47
  23. ltcassociates
    LTCA INC@ltcassociates
    #ltcachat I do not want to put words in anyone's mouth who I'm not authorized to speak for, but...
    Tue, Apr 10 2012 16:24:44
  24. ltcassociates
    LTCA INC@ltcassociates
    #ltcachat ...carriers cannot do business in an inhospitable environment, regulation-wise. #LTC
    Tue, Apr 10 2012 16:26:23
  25. ltcassociates
    LTCA INC@ltcassociates
    #ltcachat @laurenatpweb Who knows? Knowing they'd be limited in their future ability to raise rates, it could affect u/w up-front, or...
    Tue, Apr 10 2012 16:27:24

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