April 9, 2007
Ayinde O. Chase - All Headline News Staff
<Ontario, CA (AHN) - Analysts of the nation's healthcare system say long-term care is the crisis of the 21st century and 3 out of 5 people will need it, while 2 out of 5 will require nursing home facilities.
According to Frank N. Darras, widely regarded as one the nation's leading disability and long term care insurance lawyers, the number of Long Term Care policyholders has increased 21 percent annually and now there are approximately six million LTC policies in the United States.
"Barack Obama has it right, and it is encouraging to see a presidential candidate focusing on truly helping hard working senior Americans. His call for an investigation into the fraud that is running rampant in the long-term care business is a step in the right direction," says Darras.
Obama recently released a statement saying, "we're going to end it because it's about time Washington stood up to insurance companies so that families and seniors across the country can get the care they deserve."
Following a report in the New York Times outlining the number of Long-Term care policies being undersold and under-priced. Obama wrote an open letter on March 29 to the head of the Government Accountability Office calling for an investigation into the high number of claims being denied, and practices that make it "difficult - if not impossible - for policyholders to get paid.">
http://www.allheadlinenews.com/articles/7006991476