The Kaiser Family Foundation has a good
info sheet on the program. Lots of details remain to be worked out. Apparently the $50/day benefit is a minimum, it will likely be adjusted upward based on degree of impairment.
For the CBO scoring of the recent health legislation, an average benefit of $75/day for life was assumed, and monthly average premiums of $123/month (see link above).
According to the info at
this link (State of Connecticut), the benefits are to be inflation-adjusted and the premiums are expected to be between $140 and $240 per month (older folks pay more). Everyone above the poverty line effectively subsidizes those below the poverty line, who would pay just $5 per month.
$225K/yr in 2030 sounds scary, but it's just about 6% inflation/yr. Is there some expectation that LTC costs (per day) are going to increase faster than general inflation? I'm sure it's possible, but I wonder why--I'd guess the major cost is for relatively low-skill hourly labor, and based on the way our economy is headed, I'd say we'll have plenty of that.
It must be very hard to sell these products anymore, at least for salespeople who fully disclose the true history of how insurers continually increase rates.