As I have said in multiple posts the fed has found a way to bail out all the USA long term care polices.

How simple raise rates.

If you realize just how much the long term care companies were in the hook back in Jan 2022

and how much they recovered in one year it is pretty obvious that they will continue to boost bond yields which are pretty much the only thing long time care policies invest in.

my brother in law has dementia. he has a policy with genworth a major long term care policy company.

they were rated to have a 45% shot of going bankrupt december 2021
they are now rate to have a 32% shot of going bankrupt december 2022.