Colorado Springs, Colo. — Three state insurance regulators said that they would like to work more closely with long-term care insurance (LTCI) issuers, but they also said that the current wave of LTCI rate increases is unacceptable.
Organizers of the Intercompany Long Term Care Insurance (ILTCI) Conference brought them here Tuesday for a breakout session on regulation and innovation.
Marguerite Salazar, the Colorado insurance commissioner, said that she wants to work harder at getting long-term care services providers to work harder at controlling the underlying cost of LTC services, and that she welcomes getting more visits from LTCI issuer representatives. "Sitting down with regulators is really important," she said.
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Allison Bell
Allison Bell, ThinkAdvisor's insurance editor, previously was LifeHealthPro's health insurance editor. She has a bachelor's degree in economics from Washington University in St. Louis and a master's degree in journalism from the Medill School of Journalism at Northwestern University. She can be reached at [email protected] or on Twitter at @Think_Allison.
