Long-Term Care Costs Increase in Vermont, Exceeding National Costs
1. Vermont's long-term care costs rose significantly, surpassing national averages. 2. This trend may elevate demand for GNW's services in long-term care.
FAQ
Why Bullish?
Rising long-term care costs could lead to increased demand for GNW's products and services, positively impacting revenue and earnings potential, similar to trends observed in other states like California where increasing costs resulted in higher policy sales for insurers.
How important is it?
The article highlights increasing market opportunities amidst rising costs, potentially leading to higher insurance uptake for GNW.
Why Short Term?
The immediate implications of the rising costs will likely influence GNW's performance in the next few quarters, similar to previous quarterly responses seen when care cost data was released by other states.