Long-Term Care Costs Increase in California, Exceeding National Costs
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The 2024 Cost of Care Survey reveals that long-term care costs in California have increased year-over-year, surpassing national averages. This information is significant for stakeholders in the long-term care industry and investors in companies like Genworth Financial, which is involved in this sector.
March 04, 2025 | 4:15 pm
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Genworth Financial, which is involved in long-term care insurance, may see increased demand due to rising care costs in California, as reported by the 2024 Cost of Care Survey.
The increase in long-term care costs in California, as highlighted by the 2024 Cost of Care Survey, suggests a potential rise in demand for long-term care insurance products. Genworth Financial, being a key player in this market, could benefit from this trend, leading to a positive impact on its stock price.
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