Most people don't realize a lot of these rate hikes are a bailout for USA long term care industry.

The industry is very restricted in how they invest premiums and over the years the low fed bonds have crushed them.

The USA gov does not want to explain this to the public and you do not hear or read a lot about this 5 trillion dollar industry.

Since my bro-in-law got sick and has really really really really good policy coverage I got into reading about the entire industry.

In Nov-Dec 2021 and Jan 2022 fed bonds were next to nothing and every major company in LONG term care industry was next to bankrupt. Here we are Just about 18 months later all steady rate increases and the industry is recovering.

They need 2 more jumps July and Sept then flat or pivot by the fed for the the last 2 this year.

They will allow them to have there moneis ready to pay the aging baby boomers that are owners of these policies.

You won't find much about this anywhere but here on the WO from me.

I have more data and posted on this on the WO more than once.

Think of the baby boomers as the very large lump in a big snake as time moves on the lump will shrink and the long term care company won't need a high rate bailout for a decade or more.

I am lazy and could show all the numbers but just do research on 2 major company Say Genworth LTC and John Hancock LTC

Look are the bankruptcy risk analysis for them in

Dec 21
Dec 22
July 23

you will find both of them are now much better off the fall of 21

all due to rising rates.

The gov actively tries to force large money to move around by fucking with the rates.