Insights from the UK and beyond
How should we fund care for the elderly?
Plans to overhaul care services for the elderly will involve creating a national care service, giving all citizens a basic entitlement and contribution to their care.
Plans outlined in a new Green Paper called “Shaping the Future of Care Together” would require people to buy insurance to supplement state funding.
Currently, the elderly are means tested for social care. Under the present English system anyone with a home or savings of 23,500 pounds or more is not given state funding for a care home or social services.
In Scotland, personal care for the elderly is free.
How should we fund care for the elderly? Would it be better to go the Scottish route?