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Long-Term Care Facilities

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?

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·        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?

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