As New York's population continues to age, a growing number of seniors are facing an unaffordable reality: skyrocketing insurance premiums for long-term care. According to a new report, many residents are struggling to pay for essential services like nursing home care and home health aides, leaving them with few options but to deplete their life savings or rely on government assistance. With the state's aging population projected to increase significantly in the coming years, lawmakers and advocates are sounding the alarm over the unsustainable cost of long-term care insurance premiums, which are rising by double digits in some cases. Will New York find a solution to this crisis before it's too late?
New York's aging population faces unaffordable insurance premium spikes on long-term care ABC7 New York
