16-GE-Capital-Assurance-Ltr

16-GE-Capital-Assurance-Ltr - @ GE capital Assurance...

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Unformatted text preview: @ GE capital Assurance Richard C. Packard Senior Vice President, LTC Division 1 3 M r . E a r l S r i n o l s 1 1 04 Galen Drive c h a m p a i g n , I L 6 1 8 2 1 - 6 9 1 3 D e a r P 1 r . G r i n o l s , As a responsible citizenr tou have paid taxes all your lif e, and that I s lrhy I think you have a right to be deeplv qoneerned by what I am about to teII you. An estimated 437, of a1l elderly will spend some time in a n u r s i n g h o m e . 1 T h e e o s t i s h i g h . . . S 5 0 r 0 0 0 t o a s n n u e h a s $ 6 0 , 0 0 0 a y e a r , d e p e n d i n g o n y o u r d F € 8 . 2 A n d , n u r s i n g h o m e e a r e c o s t s a r e i n c r e a s i n g f a s t e r t h a n t h e r a t e o f i n f l a t i o n . Yet our great nation does not have a system to provide for the skyrocketing costs of nursing horne or in-home care. Even the mueh publicizeC Government proposal for Health eare reform h a s n o t m a d e a n y h e a d w a y o v e r t h e p a s t y e a r . f n f a c t , t h e r e i s n o t e l l i n g i f w e w i l l e v e r s e e s u c h a D r o g r a m i n o u r l i f e t i r n e s ....
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This note was uploaded on 08/22/2009 for the course ECON 3306 taught by Professor Grinols during the Spring '09 term at Baylor.

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16-GE-Capital-Assurance-Ltr - @ GE capital Assurance...

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