ŒBudget has not done enough,¹ says Craegmoor chief executive

Posted on May 1st, by editor in Caring Times. No Comments

The Chancellor¹s budget has done little to stem the growing crisis in the care home sector despite his announcement of new money for social care, according to Craegmoor Healthcare chief executive Frank Richardson (pictured right). “Our sector has seen a loss of 50,000 places in the last five years and is widely predicted to lose another 10-15,000 places in 2002 if nothing is done to address this fatal problem,” Mr Richardson said. “The Independent Healthcare Association estimates that £1.5 billion is required today to offset the shortfall in fees received by independent nursing and residential care home providers, and no company is prepared to invest in new facilities while this goes on. “We are concerned that the Chancellor¹s emphasis on investment into the NHS may be to the detriment of our sector. While acknowledging that social services funding is to increase, we have to question whether this is enough to meet the growing demand for community care ­ both for elderly people and people with special need

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