Long-Term Care Costs Increase in Indiana, On Par with National Costs
1. Long-term care costs in Indiana rose year-over-year but match national averages.
FAQ
Why Neutral?
The increase reflects a broader trend impacting the long-term care market; however, it aligns with national averages, which mitigates significant price moves for GNW.
How important is it?
Rising costs in long-term care can enhance GNW's service pricing strategy, impacting revenues mildly.
Why Short Term?
Immediate concerns about care costs may affect GNW in the short-term, impacting insurance pricing models.