Care for elderly and disabled people could collapse unless the government allocates at least £700m extra to social services each year, according to the King’s Fund.
Considering care and support services, the Future Imperfect? report reflects the fears of long term care (LTC) advisers who worry where many of their clients will go when they need care.
But insurers say that clients who can afford LTC insurance have nothing to fear.
King’s Fund chief executive Rabbi Julia Neuberger warned that the government must take “urgent action” to avert a crisis in care services, improving conditions to recruit, retain and equip thousands of “committed and able people” to work in care and support services.
Rabbi Neuberger said: “Failing to invest in older people would be a false economy of the highest order.”
IFACare chairman Graham Fidoe said: “It is frightening. We are seeing an increasing demand for care homes but the supply is reducing.”
Nursing Home Fees Agency partner Philip Spiers said: “People are suffering. We come across cases daily where care assistance is needed but social services have no money. Care is not always their main priority.”
Medical director of Bupa Care Services Clive Bowman said: “The situation needs to be remedied. It’s the end of an era of care on the cheap.”
Technical manager at Age Concern Financial Partnerships, Chris Ellicott said: “I feel sorry for those who can’t afford insurance.”