For this short paper, you will consider the economic
issues related to long-term care 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?
