Glance Back
Jan. 1, 1943The home of George May Jr. on the old Lincoln highway 99 has been purchased by Mrs. Ada Karr. Mrs. Karr is formerly of Fullerton, in the southern
Source: galtheraldonline.com
Sandra Smoley News Today : Breaking News, Live Updates & Top Stories | Vimarsana
Stay updated with breaking news from Sandra Smoley. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Top News In Sandra Smoley Today - Breaking & Trending Today
CalPERS' Drops on Long-Term Care Settlement, Which Was Designed to Suck More Money into Ponzi Scheme and Then Fail
How CalPERS set out to further screw its already abused long-term care policyholders.
Source: nakedcapitalism.com
CalPERS Long Term Care Program Bleeds Policyholders Dry via 10X Higher Premiums, Gross Mismanagement, Bad Faith Dealing
Yves here. Please welcome Lawrence Grossman, who with his wife is a CalPERS long-term care policy holder. Grossman, a financial analyst, describes the extreme underfunding of this zombie program. The rate increases that CalPERS is putting through, a 900% increase over the rates charged at the outset, are wildly disproportionate to the level of any other significant long-term care program. In other words, even by the standards of an industry that is in deep financial trouble, CalPERS’ rate increases are such an outlier that it is hard to explain them solely as a result of the original underp...
Source: nakedcapitalism.com