Wednesday, December 14, 2016

Our leaders can’t even remember what N.I. was for…

'Unarguable' case that care for elderly needs more money says NHS chief

“If we are looking at some form of insurance model it needs to be some form of social insurance model or mandatory long term care coverage, because I think you get market failure in private insurance markets for long-term care,” he told the committee.

Posted by stillthinking @ 01:42 AM (6140 views)
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3 thoughts on “Our leaders can’t even remember what N.I. was for…

  • It is encouraging that extra funding *might* come from council tax instead of dumping even higher taxes on the private property of the working age population. Older folk have much higher housing wealth on average and it’s not unreasonable for them to be expected to chip in. In addition, those in more valuable homes tend to live longer and are more likely to benefit from state funded care.
    The only problem is that council tax is regressive since the rate is 0% on the value over approx £1m (band H). This would be a great opportunity to introduce a lot more bands. But better than a regressive bumping up of NI or income tax, which would have 0% collection on the over 65s in the first case and a proportionately lower collection in the second. Also time to get rid of the single occupant discount. So many problems with it – number of adults in the home has a very low correlation with usage of services and it would make more sense to have a poll tax if it did. Many old people are on the single occupant discount but use far more services than younger people (even children!) and pay much less income tax and VAT and no NI

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  • tenyearstogetmymoneyback says:

    Mombers wrote “In addition, those in more valuable homes tend to live longer and are more likely to benefit from state funded care.”

    Not if the person has any savings. I speak from experience on that one after my Mother needed carers then was in a care home for four years. I think the only thing we got from the council (as opposed to the NHS) was a couple of Zimmer frames.

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  • Some of the £5bn for foreign aid that has not been spent could solve the problem and resolve homelessness, or could be used to eliminate capital gains tax. We really are total slaves.

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