Economic Factors for Long-Term Care Facilities Short Paper

Prompt: Thus far in the course, the primary focus has been on hospitals within the healthcare industry. 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?
  Guidelines for Submission: Your paper must be submitted as a 2–3 page Microsoft Word document with double spacing, 12-point Times New Roman font, one- inch margins, and at least two sources cited in APA format.