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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, oneinch margins, and at least two sources cited in APA format.
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