CLASS Act's downfall would benefit insurers, FBR says

10/19/2011 | InvestmentNews (free registration)

The likely demise of the Community Living Assistance Services and Supports (CLASS) Act means private carriers that sell long-term-care insurance will avoid competition from the federal government, according to FBR Capital Markets. The act would have provided average payouts of $50 a day for long-term health care needs.

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