Private long term care insurance failing?

So it seems that private long term care insurance is running into trouble.

"Insurers have not hit on the right business model yet in order to help people deal" with long term care needs.

And they're not going to. And, they're certainly not going to solve a Medicaid problem.

If I've told you once, I've told you a thousand times, forget about it. It's a niche product at best and it's certainly not going to fulfill any legislator's fantasy that it will make a dent in Medicaid expenditures.