Long-Term Care Costs Increase in Washington, Exceeding National Costs
1. Long-term care costs in Washington have risen significantly year-over-year. 2. These costs exceed the national average, impacting GNW's service demand.
FAQ
Why Bullish?
The rising costs of long-term care can increase GNW's service demand, similar to past trends where rising healthcare costs have led to heightened interest in long-term care insurance, positively impacting stock performance.
How important is it?
This article indicates a growing market for long-term care, which could enhance GNW’s business landscape and profitability potential.
Why Long Term?
As demographic trends indicate increasing need for long-term care, GNW may see sustained business growth over the coming years, akin to the opioid crisis leading to increased demand for addiction recovery services.