Recent financial challenges in the private long-term care (LTC) industry have led many companies to discontinue new sales or, as most companies have done, to introduce rate increases on their existing blocks of business, which has met with resistance from regulatory agencies. Because LTC insurers face potential ramifications when their original pricing assumptions are not met and because delayed rate increases have a significant effect on company sustainability, there is a need for immediate and cohesive regulatory action so that the rate increase landscape can become more predictable and efficient.