Economic Issues in Long-Term Care: Analysis & Government Role

This essay examines the economic aspects of long-term care facilities, differentiating them from hospitals and focusing on the impact of Certificate of Need (CON) regulations. It analyzes how CON affects economic decision-making in long-term care compared to hospitals. Furthermore, the essay discusses the supply and demand forecast for the long-term care industry over the next 25 years and its implications for strategic decision-making. Finally, it addresses the debate on whether the U.S. government should cover long-term care costs for middle and upper-class elderly individuals, providing a comprehensive overview of the key economic considerations in the long-term care sector.