I am of the opinion that given the amount we pay into the State in taxes that Long Term Care should be largely funded from the welfare state. Looking after the venerable elderly who have paid into the system should be taken up as a matter of honour for the political elite. Given the lack of demand for private sector solutions the call from MPs in this article http://www.moneymarketing.co.uk/protection/mps-press-for-products-that-fund-ltc-costs/1046300.article are unlikely to come to pass. If there was a referendum on allocating the foreign aid budget to finance most long term care costs, I think it would receive an overwhelming majority of the electorate.
