This latest piece from the usually reputable Telegraph is a prime example of the mainstream media's scaremongering and lack of understanding of the rules surrounding funding of care.
Whilst not wanting to debate the morality of having to pay for one's care in old age at this juncture, these arrangements are just one of a number of options that the elderly have available when they require care. This is not made clear anywhere in this article that there is a CHOICE in the matter. They are not forced into entering these agreements unless they have insufficient non-property assets to meet the cost of their care.
Society would in many cases be better off without such misinformed journalism in my opinion.
Pensioners are increasingly being forced to enter into "pay when you die" deals with councils to keep their family home, according to new figures. More than 19,000 pensioners have been forced to effectively remortgage their homes with local councils because they are unable to cover the cost of residential care, according to statistics obtained under the Freedom of Information Act. The disclosure comes weeks after George Osborne, the Chancellor, revealed that the Government's flagship cap on the cost of care is to be shelved for five years. The report also revealed that many people will face care bills well in excess of their pension pot as the average time spent in a care home has increased drastically in the past decade.