PHILADELPHIA: There are no plans for any insurance products to help people plan ahead for their care needs in old age, say leading insurance companies.
Creating such a market was one of the key aims underpinning the government’s planning.
But 17 major companies said there was not enough interest in such policies.
Care experts say the revelation is a blow.
About 60% of people are expected to need care in their old age – with one in 10 facing costs in excess of $200,000…