Cost of social care for the elderly is set to double in the next 15 years

Elderly care costs set to double in the next 15 years

Published Date: 16 March 2010

THE cost of social care for the elderly is set to double in the next 15 years just to maintain current standards, according to a report today by the King’s Fund.

New research by the think-tank found that the bill, projected to reach £8.1 billion in 2015, would hit £12.1bn in 2026.

Should the Government introduce universal free social care for the elderly, costs would rise to £16.8bn by 2016. King’s Fund called for a “partnership” model, where half of everyone’s care was met by the state.

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