Long-Term Care Costs Increase in California, Exceeding National Costs
1. California long-term care costs rose year-over-year, surpassing national figures. 2. This trend affects GNW due to its involvement in long-term care insurance.
FAQ
Why Bullish?
Increasing long-term care costs could drive demand for GNW's insurance products, aligning with historical trends seen in prior price increases when care costs rise.
How important is it?
The article highlights significant shifts in long-term care costs, directly influencing GNW's business model and market positioning.
Why Long Term?
As long-term care costs trending upward may lead to sustained demand for care-related insurance products, GNW could benefit over an extended period.