Statistics

[Arthur Rudnick]

Ever wonder why no one believes anything the government says?

The October issue of Senior Market Advisor brings us the following gem:

Despite a rate hike, nearly half of federal employees kept their LTCI...

46% of enrollees in a federal LTCI program opted to keep their policies following a premium hike

1.6% of enrollees in the federal program dropped their coverage after being told of the rate increase

23% of enrollees saw their premiums decrease by up to 5%.

Source: US Government Accountability Office (GAO)

Now, I'll admit, I was never a wiz at algebra, geometry or trigonometry, but I did get by OK in basic math (as in: + & -)

Although not stated, one would assume that the 23% who had a decrease in premiums also kept their policies.

So...............

46% keep their policies
23% (may have, probably did, or most likely) kept theirs
1.6% dropped coverage

46 + 23 + 1.6 = 70.6%

Just curious, shouldn't that add up to 100%?

(Maybe the other 29.4% dropped coverage and signed up for CLASS?)

 

[Todd King]

73.4% of statistics are made up!

 

[billberry12]

Is it possible that the 29.4 % did not get a rate increase at all.

IE: NO CHANGE

 

[Mr_Ed]

Is it possible that the 29.4 % did not get a rate increase at all.

IE: NO CHANGE

Bill is correct.

 

[Arthur Rudnick]

Bill,
Did you use algebra to figure that one out?

Click here: Despite rate hike, many federal long-term care enrollees hold on to benefit -- GovExec.com

 

[billberry12]

Absolutely. I had to get the square root of the hypotenuse and divided it by pi r square.

After that, a cave man could have done it.
- - - - - - - - - - - - - - - - - -
Actually, that would be Geometry wouldn't it?

 

[Arthur Rudnick]

Oh.............

It was that hypotenuse thing. I heard about that.

There are 286,000 federal LTCi policyholders. 220,000 signed up during year 1, in 2002. Only 68,000 more over the past 9 years.

 

[Sales71]

LTC ins people keep just like NY life is the company you keep...

 

[CALTCAgent]

46% of enrollees in a federal LTCI program opted to keep their policies following a premium hike

1.6% of enrollees in the federal program dropped their coverage after being told of the rate increase

I saw that too. It makes no sense. If 46% that had a premium hike kept it, then 54% didn't it would seem. Unless they are counting the people that didn't have a rate increase.

 

[Mr_Ed]

46% of enrollees in a federal LTCI program opted to keep their policies following a premium hike

1.6% of enrollees in the federal program dropped their coverage after being told of the rate increase

I saw that too. It makes no sense. If 46% that had a premium hike kept it, then 54% didn't it would seem. Unless they are counting the people that didn't have a rate increase.

go to page 26 of this document. the numbers add up to 100%.

http://www.gao.gov/new.items/d11630.pdf