Long-Term Care Costs Increase in South Carolina, On Par with National Costs
1. Long-term care costs in South Carolina rose but align with national trends.
FAQ
Why Bullish?
The alignment of long-term care costs suggests stable demand for GNW's CareScout services, fostering growth. Historical trends show that rising care costs typically lead to increased interest in insurance products.
How important is it?
Increased costs in long-term care signal higher future insurance needs, beneficial for GNW. The need for CareScout services may rise as consumers respond to rising service costs.
Why Short Term?
Immediate consumer awareness of rising care costs can boost interest in GNW's offerings. However, long-term impacts depend on economic conditions and healthcare policies.