Long-Term Care Costs Increase in Alabama, Remain Lower than National Costs
1. Long-term care costs in Alabama rose year-over-year but are still lower than national averages.
FAQ
Why Bullish?
GNW's exposure to long-term care could benefit from increasing demand as costs rise, similar to previous trends where healthcare costs spurred interest in insurance products.
How important is it?
The rising costs can affect GNW's market positioning and product offerings in the long-term care insurance sector, potentially leading to higher sales.
Why Short Term?
The immediate increase in care costs may lead to increased insurance inquiries, influencing sales in the coming quarters.