Economist Sir Andrew Dilnot and David Brindle, the Guardians public services editor, helped us to launch our new report on social care funding.
Economist Sir Andrew Dilnot and David Brindle, The Guardian's public services editor, helped us to launch our new report on social care funding. The paper, entitled Will the cap fit? What the government should consider before introducing a cap on social care costs was a joint collaboration with the charity Independent Age. The report assesses the potential implications of various proposed changes to social care funding policy.
With the current proposed cap set at £72,000, the report found that nine in 10 people who pay for their own care won't benefit from it. We have proposed a £100,000 all-inclusive cap; this would benefit four times as many people, as it kicks in once average life expectancy for those with high care needs is met.
Moreover, under the £100,000 all-inclusive cap, regional variation in total care costs would be reduced from over £130,000 under the £72,000 cap to a variation of just over £2,000 between north-east and south-east England by year six.
To see all our findings from the report, please visit the social care funding page on the IFoA website at bit.ly/2m6BykR