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Genetic discrimination should probably be illegal in all forms of insurance. I think Long Term Care insurance may then become prohibitively expensive or even im
by eli 8y ago
Genetic discrimination should probably be illegal in all forms of insurance. I think Long Term Care insurance may then become prohibitively expensive or even impossible to buy on the private market, though.
- Analemma_ 8y agoI think it might already be. A bunch of companies are realizing that Long Term Care insurance is way more expensive than they planned for: https://www.bloomberg.com/news/articles/2018-01-16/ge-to-take-6-2-billion-charge-after-insurance-portfolio-review https://www.bloomberg.com/news/articles/2018-01-16/ge-to-tak.... I wouldn't be surprised if it disappears over the next decade as later-life health care costs continue to spiral upward.