Here are some comments I made to correct an ignorant reporter for at www.Bloomberg.com

Click here for the article, which describes incapacity, then incorrectly describes how to prepare for incapacity financially. This compelled me to offer the following comments:

Setting a negative tone in the first paragraph describing long-term care insurance (LTCi) indicates the writers lack of research and insight into LTCi. The negative spin is unnecessary. Parts of the reporting are untrue. The negative “spin” truly does readers a disservice by discouraging them to plan responsibly for long-term care by thoughtfully researching LTCi (at more than the cursory level of Mr. Braham’s research). The “Goldilocks Group” makes no sense to me. We know statistically that twice as many of the affluent people described buy LTCi than do their less affluent counterparts. Choosing to fall back on Medicaid is a ridiculous notion for many reasons I will not state here due to time/space restrictions. I believe any “thinking” person who understands today’s economy, or has ever visited someone in a Medicaid-paid nursling home, even if they haven’t researched LTCi, knows why this is true. LTCi premiums can be made reasonable for nearly anyone willing to evaluate it with their eyes open.