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Resource ID: #20476
Source:Wall Street Journal (New York)
Insurance companies sold long-term care packages for elderly people that included a number of benefits and the promise that rates would never change. But The Wall Street Journal uncovered files that show that two of the main companies -Conseco and Penn Treaty- are asking their clients to pay increases of 8 to 40 percent. Some people have had to drop their insurance because they can't afford it anymore.
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