Bonnie Burns, our Training and Policy Specialist, testified at a California Department of Insurance (CDI) hearing on long-term care post-stabilization rates in late October. She was the first of several speakers in the 3-hour hearing. You can view her testimony online; she speaks from minutes 7-30.
In her testimony, Bonnie reviews why rate stabilization is necessary and points out the numerous problems with current rate stabilization policies. She poses important questions that must be answered in order to effectively strengthen consumer protections in the area of LTC insurance.