The difference between private and public funded residents, naturally funded by overcharging private residents, is nothing short of a national scandal.
It is imperative that you seek immediate advice on entering into residential care to ensure that the fees you are asked to pay are appropriate, and that the resident's affairs are arranged in the most cost effective manner.
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The healthcare market intelligence provider LaingBuisson has found that residential care homes are currently charging fees of between £590 and £648 per week, despite English councils contributing only £486 per week towards residential care in 2016-17. The analysts have warned that this “tax” equates to around £8,000 a year per self-funding resident and will only increase from April as care home owners look to pursue a rise in costs. “The entire care home sector for older people is being kept afloat through cross subsidies from the 40% of care home residents who pay privately,” said William Laing, founder of LaingBuisson.