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PROJECT DRAGON
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<blockquote data-quote="bacha29" data-source="post: 4936394" data-attributes="member: 58386"><p>No one including me said what you did was stupid. The part you don't seem to understand is the extent to which acute healthcare costs has exploded to the point that it drove insurers out of the LTC insurance sector. </p><p></p><p>Need example? My brother had an abdominal aneurysm and had to be transferred to a regional trauma center. Nothing unusual. Stuff like this happens all the time His billed services was in excess of $800,000 along with a $24,000 medivac helicopter ride. Now remember that nursing home daily charge does not include the charges if they have to take you back and forth from the hospital. Those hospital charges are in addition to the nursing home's daily charges.</p><p>What you did was to see an opportunity and you took full advantage of it. That was smart. You got into a modest plan before insurers cut and ran away from the LTC business as fast as they could get What you did that wasn't so smart was to think that you would be sitting in the catbird seat when it came to protections from acute healthcare costs.</p></blockquote><p></p>
[QUOTE="bacha29, post: 4936394, member: 58386"] No one including me said what you did was stupid. The part you don't seem to understand is the extent to which acute healthcare costs has exploded to the point that it drove insurers out of the LTC insurance sector. Need example? My brother had an abdominal aneurysm and had to be transferred to a regional trauma center. Nothing unusual. Stuff like this happens all the time His billed services was in excess of $800,000 along with a $24,000 medivac helicopter ride. Now remember that nursing home daily charge does not include the charges if they have to take you back and forth from the hospital. Those hospital charges are in addition to the nursing home's daily charges. What you did was to see an opportunity and you took full advantage of it. That was smart. You got into a modest plan before insurers cut and ran away from the LTC business as fast as they could get What you did that wasn't so smart was to think that you would be sitting in the catbird seat when it came to protections from acute healthcare costs. [/QUOTE]
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