Those who say we must plan for Long-term Care because our retired population is living longer and growing. According to a study done in 2013 by John Hancock, the average cost for a care facility of retirement community is $94,000 a year ($7833/mo.). They believe it is worth a reduced premium today to keep up with the growing costs of providing part or full-time care.
There other group is encouraging the masses to self-insure. They site things like being able to pay later when our personal debt is paid-off (not the case for over 30% of Americans over 70 years old). They site out of control rate increases and cost of living adjustments that have raised the premiums of even those who had planned ahead! However, their most compelling argument for self insuring comes from a 2015 Wall Street Journal article siting a study published by The Center for Retirement Research at Boston College where they discovered the average stay for retirees is only 100 days (which has been refuted by many other studies). Nonetheless, based on this study, they contend most would spend less than $100,000 for thisw care and assistance.