According to the American Association for Long-Term Care Insurance the average year-over-year price increase (using a healthy, 55 year old single male as the baseline) was 8.6%. The culprit is twofold:

In the short-term insurers’ bond portfolios continue to earn paltry returns diminishing their ability to fund benefits.

Over the long-term insurers’ poor product rollout (i.e. under-pricing the product to gain market share without sufficient experience ratios to justify it) continues to hamper any chance at profitability. Indeed many insurers have suffered losses and have left the market.

For additional information about LTCI go here and here.