For this short paper you will consider the economic issues related to long-term care (LTC) facilities.
In this assignment, consider the following questions related to long-term care facilities:
· What are the factors that make long-term care unique compared to a hospital?
· What is the effect of Certificate of Need (CON) on the economics of long-term care economic decision making and how is this different from that of a hospital?
· What does the forecast of supply and demand for the long-term care industry look like for the next 25 years and how should that impact decision making?
· Should the U.S. government cover the costs for the elderly in the middle and wealthy classes?