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Plumb, R.

Where have all the carers gone?

In the first article of this new section, actuarial expert Robert Plumb looks in more depth at the topical issue of the future of long-term care.

Thu, 07/20/2017 - 15:20

Future costs for long-term care: Cost projections for long-term care for older people in the United Kingdom

The purpose of this paper is to analyse the future sustainability of the UK system for provision of long-term care (LTC) due to changes in demography and health status among the older people. It considers how demand for LTC will evolve and to what extent there will be sufficient supply to meet demand. For formal care, this requires an estimate of how much the public purses, and hence taxpayers, will be burdened with LTC costs. For informal care, it involves estimating whether there will be enough carers if current patterns of provision were to continue.

Thu, 07/20/2017 - 15:10