Parliament's select committees have reported this morning on how to bridge the funding gap for social care. This question has been the subject of a major Independent Age project, supported by Grant Thornton, and due to be published soon.
The committees have concluded that a social insurance fund is much needed - this is one of the more sensible and fair options being floated. The detail would be important but it has the makings of an answer not a prevarication.
But does the government possess the courage, in the current climate, to be bold?
People over the age of 40 should be asked to pay a ‘social care premium’ to help plug a multi-billion pound funding gap in the sector, according to MPs. A report published on Wednesday by Parliament’s select committees on health and local government warned the deficit in social care funding will reach up £2.5 billion by 2019/20, leaving the system “under very great and unsustainable strain”. To tackle the problem, individuals and their employers should pay into a dedicated and audited social insurance fund, the research recommended. However, the premium would only be paid by those over the age of 40 - and extended to those over 65 - in order to “ensure fairness between the generations”.