The government has established an independent commission to advise it on the funding of care and support. The Commission on the Funding of Care and Support will make recommendations on how to achieve an affordable and sustainable funding system for care and support, for all adults in England, both in the home and other settings. It will report within a year.
Health Secretary Andrew Lansley says, “By 2026, the number of 85 year olds is projected to double. In the next 20 years we estimate that 1.7 million more people will have a potential care need than today. We know that one in five 65 year olds today will need care costing more than £50,000, which could force many to sell family homes. The answer is clear - we must develop a funding system for adult care and support that offers choice, is fair, provides value for money and is sustainable for the public finances in the long term. I want legislation in front of Parliament next year.”
The commission will examine and provide recommendations on:
The best way to meet care and support costs as a partnership between individuals and the state
How an individual’s assets are protected against the cost of care
How public funding for the care and support system can be best used to meet needs
How to deliver the preferred option including implementation timescales and impact on local government
Long term care: News update: 23 July 2010