Long Term Care
Instructions
Use supply and demand diagrams to show what would happen if additional LTC insurance allows more substitution of nursing home care for hospital care. A
ccording to your diagram, do LTC expenditures increase or decrease?
Do hospital expenditures increase or decrease? Do total expenditures (LTC + hospital) increase or decrease? Explain.
Use supply and demand diagrams to show what would happen if additional LTC insurance allows more substitution of nursing home care for hospital care. A
ccording to your diagram, do LTC expenditures increase or decrease?
Do hospital expenditures increase or decrease? Do total expenditures (LTC + hospital) increase or decrease? Explain.
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