Funding care: the costs and savings of a new approach

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

|Debate about funding of long term care has centred around around inadequate budget allocations by central and local government. Ian Holden argues that the self-pay market can be boosted by giving older people a financial incentive.| Has the debate about payment for long term care gone down the wrong road ­ driven by the strictures of inherited budget allocations from central government via the DSS (income support), and local government allocations? The results have been confusion, uncertainty and the unworkable compromise where different bodies are to pay for nursing care, social care and accommodation. Bureaucratic inertia has created the situation where the Royal Commission¹s suggestions are thrown out (except in Scotland), the Prime Minister is misled about future costs to the exchequer, and an industry employing half a million people is faced with confusion and administrative muddle. No consideration is given to an alternative course referred to in Laing & Buisson¹s Market Survey 2000, viz. “real inco

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