28 July 2008
This paper follows on from the publication of 'A National Care Fund for Long-term Care'. The paper develops, responds to and discusses various questions and critiques raised by this original report.
Please note: this paper does not contain a description of the National Care Fund model and as such, is only suitable for readers that are familiar with 'A National Care Fund for Long-term Care'.
This short paper is organised as a set of 21 questions and answers. Issues explored by the paper include:
* The choices around the structure of contributions to a National Care Fund and the administrative costs associated.
* The extent to which a National Care Fund would suffer 'adverse (de-)selection'.
* How a National Care Fund would address the tendency for individuals to engage in 'temporal discounting' in relation to the risk of long-term care.
Author: James Lloyd