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What is the effect of certificate of need on the economics

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Reference no: EM132861287 , Length: 3

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:

Question 1: What are the factors that make long-term care unique compared to a hospital?

Question 2: 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?

Question 3: 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?

Question 4: Should the U.S. government cover the costs for the elderly in the middle and wealthy classes?

Reference no: EM132861287

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