Partnership's managing director of care Chris Horlick told MPs that the long-term care debate has moved on, as he gave evidence at an independent committee on long-term funding.
Speaking at the All Party Parliamentary Group's inquiry, he said: "I'm not sure too many here would argue that it should be state funded, so real progress has been made." However, Horlick warned the system is still "opaque and unfair" to self-funders - who make up 41% of all care home residents, with a quarter who run out of money falling back on the state at a cost of £1bn a year. MPs asked how any future framework for long-term care can help people remain financially independent. Richard Humphries, senior fellow of charity The King's Fund said any system implemented should be bui...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes