Broker World Magazine – May 2015 Issue
After undergoing a knee replacement surgery, Broadtower’s President, Ron Hagelman compares his past affliction to the reality of the Long Term Care Industry in his contribution to Broker World Magazine.
“I remember the orthopedic surgeon telling me that I needed to trade up and join a new bionic future because my current motion reality was “bone on bone”—meaning the protective meniscus which I was born with was no longer available. Our industry suffers from the same affliction. There is no longer any margin of error or anticipated pricing lubrication. No more investment margin, no more margin of error for anticipated claims, no more slack in underwriting practices, no more obvious manipulation of benefit availability…”
Read the full article from Broker World Magazine here: The Last Word On LTCi – Sustainabililty