Fewer than one person in five who requires nursing home care will benefit from government reforms due to be announced today, an analysis found.
The National Pensioners Convention described the reforms as “about as credible as a Findus lasagne”.
Dot Gibson, the convention’s general-secretary, said: “Setting a lifetime cap on care costs of £75,000 will help just 10 per cent of those needing care.”
The aim is to provide a form of social insurance. Not to nationalise the care of the elderly.
And social insurance does rather require that there are more people paying in than are benefitting. You know, that’s the point of insurance, the pooling of risks? And just because such insurance is being provided in a “social” manner through the tax system doesn’t change that basic point about insurance.