Long-term care financing

Our work on projections of demand and analyses of funding for care and support arrangements continues to grow. This has involved the development of a suite of long-term care finance projection models, including the UK's first dynamic microsimulation model of the social care system. These models have been used to generate projections and explore funding and other options for a number of policy and practice purposes. Research has also been undertaken on funding for younger adults with long-term conditions and how private long-term care insurance can supplement state systems, and is underway on care and support for older people living within the community.

Key findings

• An extra 71,000 care home places will be needed by 2025 in England
• There is low take-up of direct payments in residential care
• State pension and long-term care reforms should be considered together; removing the triple lock would reduce the cost of state pension provision, and increase state spending on long-term care costs

Current studies