Today's proposal for a public funded-private sector operated long-term care (LTC) insurance by think tank Strategic Society Centre is to be commended and condemned.
Although it does have many weaknesses, it is at least a step in the right direction and suggestions from the group that some life insurers are already on-board with such a scheme is encouraging. And, as Partnership's Chris Horlick points out, it would be new money coming into the system. It would also provide a significant assistance to those who only require care within their own home. This is both the most cost-effective option to providing social care and usually the preferred - avoiding the upheaval to the patient of moving to a new home and the distractions of dealing with the...
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