How should care of the elderly be funded?

Hello everyone,

Today’s post is about care of the elderly and more specifically, how it is funded.

The video below gives a good introduction:

It is a very sad prospect that 40,000 people had to sell their homes last year to pay for their care, particularly considering we have a national health service.

Hard working people spend their lives working to pay off their mortgages and leave something for their children, only to find they have to sell their biggest asset just to have somebody look after them.

As far back as 1997 Tony Blair promised to end this situation, but now it’s worse than ever!

It isn’t for a lack of possible solutions either, there are plenty of better ways health and social care could be funded, if only somebody in government were prepared to put the wheels in motion.

Something has to be done sooner rather than later, or the impact of the ageing ‘baby boomer’ generation will cause care to get steadily more expensive.

Bye for now,

George

“Your personal health and social care guru”

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