Gone for good? Pre-funded insurance for long-term care? is the third in a ten part series from the Strategic Society Centre, with support from PwC, alongside BUPA, Age UK and Tunstall. This series is exploring practical solutions for financing social care in the UK.
This publication examines the extent to which a pre-funded long-term care insurance market can help policy makers to solve the 'costs of care question'.
What are the main barriers to long-term care insurance in the UK and what potential role could pre-funded insurance take in financing long-term care?
The report finds that consumer insurance for long-term care, alone, will not solve the funding crisis in the social care system in England and Wales. And calls for new alternative approaches such as the public-private partnership insurance schemes, found in other countries such as the Netherlands and Singapore, to be considered.