Litigation
Aug. 9, 2013
CalPERS lawsuit latest to assail long-term care insurers
A lawsuit filed Tuesday alleging that CalPERS misled its long-term care insurance policyholders and unfairly raised rates is part of a wave of litigation targeting the industry, experts say.
Daily Journal Staff Writer
Like a lot of state workers, Elma Sanchez, an 88-year-old former employee of the Walnut Valley Unified School District in Los Angeles, bought medical insurance from the state after being told she would enjoy low rates and quality coverage indefinitely.
Specifically, Sanchez bought long-term care insurance through California Public Employees' Retirement System that the organization began offer...
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