Long-Term Care Costs Increase in Maryland, Exceeding National Costs
1. Long-term care costs in Maryland rose faster than the national average. 2. This trend may indicate increased demand for GNW's CareScout services.
FAQ
Why Bullish?
The rise in long-term care costs could boost demand for GNW's CareScout. Historical data shows similar trends lead to increased services utilization.
How important is it?
Rising care costs directly correlate to increased service needs, benefiting GNW's offerings. The Cost of Care Survey serves as a significant indicator for GNW's future revenue trends.
Why Short Term?
Any immediate effects on GNW's stock will likely be linked to this year's survey results. Long-term demand for care services is a consistent market factor.