Genworth Releases Cost of Care Survey Results for 2023: Twenty Years of Tracking Long-Term Care Costs
Genworth Financial Inc (GNW)
Last genworth financial inc earnings: 10/29 05:10 pm
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Source: Business Wire
Costs Continue to Increase as a Result of Nationwide Inflation and Worker Shortages RICHMOND, Va.--(BUSINESS WIRE)--The cost of long-term care services increased across all provider types and increased more substantially for certain settings, according to Genworth’s Cost of Care Survey 2023. The most substantial cost increases occurred in home health aide and homemaker services costs. Inflation and the shortage of skilled care workers are the core drivers of increases in the costs of care services.Genworth, in partnership with CareScout, a wholly owned subsidiary of Genworth Financial, Inc., has been conducting its Cost of Care Survey since 2004. After recalibrating the survey to align with both the aftermath of the COVID-19 pandemic and shifts in the long-term care industry, this updated survey includes enhanced methodology and new questions on care options, cost drivers, and person-centered care.1“Understanding long-term care options and the costs associated with care are critica
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Sec Filings
- 4/26/24 - Form 13F-HR
- 4/17/24 - Form PX14A6G
- 4/11/24 - Form S-3ASR
- GNW's page on the SEC website