Some 50,000 old people a year are forced to sell their homes to fund care when they can no longer look after themselves - so why is long term care dying a death, asks Samantha Downes
The long term care (LTC) issue continues to challenge the insurance world. With the idea of pre-funded LTC products all but discarded, the pressure is on to find a solution that copes with demographic reality - we are living longer, but at least one in four will need financial and emotional support to do so. Attempts to reignite the LTC debate started in earnest earlier this year with two hard-hitting Government reports. Firstly, there was the Audit Commission, Healthcare Commission and Commission for Social Care's joint report, Living Well in Later Life. This report showed that the overal...
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