State 'should pay for care.'(care of the aged in the UK)
Article Abstract:
The Joseph Rowntree Foundation is in favor of a compulsory national insurance scheme in the UK to fund payment of care for the aged. The government argues that this involves a rise in taxation and that people should save for old age through the private sector. The foundation argues that people are reluctant to save through the private sector and do not wish to face the problem. A provider of insurance for long-term care, PPP Lifeline, argues that no national scheme is needed.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1996
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Long-term caresales rise as state bows out
Article Abstract:
Policies to provide long-term care for the aged have become more popular in the UK, due to realization that the state is seeking to withdraw from this type of care. Insurers can offer payments for home helps, equipment and even nursing home care, and there are different levels of cover available. The cost of nursing homes in the UK averages 350 pounds sterling weekly and this could rise. Insurers are incorporating expectations of a rise into the premiums.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1996
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Long-term scare
Article Abstract:
The UK government is concerned about the cost of nursing care for the aged, and is seeking to encourage insurance for people to fund their own care. The Nov 1995 Budget has also increased the asset threshold below which state help is provided. Insurance to pay for nursing care is expensive and other savings products may be more appropriate. Only the rich can afford the insurance, and they have funds to pay for care, argues one financial adviser.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1995
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