See what the Waspman posted at #13!
Haven't we always been told by the liburals that "America is the richest nation on Earth," and CalPers is the richest pension therein???
What really cracks me up is the claim that the CalPers Long Term Care Coverage Program makes in it's sales literature that their premiums are "20% lower on average, than similar commercial insurance because we are a non-profit organization."
This is simply not a true statement form any point of view!!! All of their coverage starts right off with a $12,000 Deductible.
From there it just gets worse in that it only provides half the coverage in one's home as it does in a Skilled Nursing Facility (Nursing Home) and then has a 33% higher hurdle to even qualify for Nursing Home benefits should they become necessary!
It's a pathetic plan, yet it's one of the first to require these horrific rate increases. Someone has made multi-millions of profits from setting up this "non-profit" program that pokes fun at superior commercial contracts of true insurance which is actually regulated by another state agency on top of that!