ILC-UK, 11 Tufton Street, London SW1P 3QB, 16:00, 02 June 2011
The Future of Care Funding Seminar Series.
“Social Care is an essential human need, something most of us will need at some point in our lives, whether for ourselves or those close to us. How well we look after each other says a great deal about the strength and character of our society.”
Rt Hon Andrew Lansley CBE MP, Secretary of State for Health & Paul Burstow MP, Minister of State for Care Services. Foreword to the “Vision for Adult Social Care” (November 2010).
Since 2008 the International Longevity Centre-UK has been at the forefront of the debate on funding long-term care. Our proposals for a social insurance-based National Care Fund and the development of a private market in care insurance were extremely influential upon the development of policy under the previous Government.
ILC-UK has also made significant contributions to several areas which impact on long-term care. These include:
- The role of unpaid carers;
- The integration of health and care;
- The changing nature of retirement and pension reform;
- The role of new technology in delivering care; and
- The costs and benefits of extra care housing.
The work of the Commission on the funding of care and support, led by Andrew Dilnot, will be vital to delivering a sustainable funding solution for long-term care, but addressing this issue alone will not be sufficient to achieving affordable, effective and equitable policy solutions for long-term care in an ageing society.
The Government’s Vision for Adult Social Care, launched in November 2010 set three values. The Government wants to develop social care which gives people the Freedom to choose services and a shift of power from the centre. They want social care to be Fair in terms of funding and they emphasised the need to move towards a shared Responsibility for care between the individual and the state.
In England, gross public sector expenditure on personal social services was £20.1 bn, of which £8.7bn was spent on older people. Julian Forder has estimated additional private expenditure on care of £5.9bn. Additional state support is provided to support the care needs of older people through the Disability Living Allowance (£2.4bn for over 65s) and Attendance Allowance (£4.4bn). In other words, around £22bn is currently spent on care for the over 65s. On top of this, the value of voluntary care has been estimated as double this figure (Mayhew, 2010).
The International Longevity Centre- UK was delighted to be working with Partnership Assurance on a series of seminars exploring the role of the private sector in delivering and supporting care. Partnership is the fastest growing significant life company in the UK and is the largest provider of Long Term Care insurance in the UK, with 80% of the market. It is a specialist provider of financial solutions for people with health/ lifestyle conditions, as well as those suffering from a serious medical impairment. It is expert in the field of medical underwriting and has a unique in-house data set.
These seminars, which took place at 11 Tufton Street, will influence public and private thinking ahead of the publication of the report of the Commission on the funding of care and support.
The details of the final seminar are below:
Creating a market for innovation in care
2 June 2011: 16.00-19.00
ILC-UK, 11 Tufton Street, London SW1P 3QB
A major theme of the Governments Vision for Adult Social Care, was of the role of the Big Society and localism. The Government stated that they “want to see a real shift of power from the state to people and communities”. They talked of the creation of a social movement and saw care as having an important role in reinforcing personal and community resilience.
The last seminar in our series explored how we can create the care marketplace, whilst also strengthen communities. We explored innovations in care whilst also exploring where the care marketplace has failed. We explored the potential for tackling these market failures.
Agenda from the event:
Introduction from Chair (Caroline Waters, BT)
Welcome from Partnership – about the series.
Professor Michael Kenny and Henry Kippin
Christabel Shawcross, Strategic Director of Adult & Community Services, Royal Borough of Windsor and Maidenhead
Alex Fox, NAAPS
Rosie Farrar, NESTA
Discussion and debate