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The Staggering Prices of Long-Term Care 2017

October 3, 2017

From the nextavenue website

The cost of long-term care just keeps going up and most Americans keep believing — incorrectly — that the government will cover most or all of it.

Those are the findings of a new report, the Genworth 2017 Cost of Care Survey, released today by Genworth Financial.

“Our population is aging, living longer, and not prepared,” said David O’Leary, president and CEO of Genworth’s US Life division. (Genworth is a provider of long-term care insurance, among other products.) He said the company hopes that its annual survey will help people start planning for their long-term care needs.

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