The REAL cost of the new Tory social care funding?

This post has come from the Save our Hospital Services Devon website – it’s not been verified but, if true, is VERY scary:

“Tim Woodcock Quote from a city worker :

“The Conservatives will attempt to soften the blow by promising that pensioners will not have to sell their homes to pay for their care costs while they or a surviving partner are alive. Instead, ‘products will be available’ allowing the elderly to pay by extracting equity from their homes, which will be recovered at a later date when they die or sell their residence.

I have just seen this post online:

‘People need to read the small print associated with this because its a lot nastier than it looks.

I work in the City. The insurance industry was approached by the Government several months ago with the aim of creating a new market for a new product.
This arrangement is a culmination of those discussions. You wont have to sell your house PROVIDED that you purchase an insurance product to cover your social care. The “premiums” would be recovered from the equity after the house has been sold and the Insurance company will have a lien on the house and can force a sale if it wants to. So your offspring cant keep it on the market for long in order to get the best price.

The real kicker in this is that in order to encourage the industry to market these products the government guaranteed that there would be no cap on the premiums.

This was in some ways “attonement” for Osborne’s destruction of the highly lucrative annuties market. This means that the premiums could be up to (and including) the entire remaining equity in the property after the government has taken its cut. Compamies will be falling over themselves to get their snouts in this trough.

In short your offspring and relatives could get absolutely nothing from your estate.

If you buy one of these products you need to read the small print very very carefully indeed because there will be some real dogs on the market.
I suspect that this is another financial scandal waiting to happen, but by the time it does May will be long gone.”

EDDC and community hospitals: too little, too late, too suspiciously close to the general election

Well, they would say this now (“slamming” the decision to close Honiton and Seaton community beds with those in Axminster and Ottery already gone) wouldn’t they – after saying almost nothing before county elections but with all the recent bad news that reflects badly on incumbent Tory MPs and extremely well on Claire Wright!

Remember: talk is cheap and actions speak louder than words.

Swire refuses to attend any hustings: what COULD he be afraid of!

He says he prefers door-knocking. Please do inform Owl if he knocks at YOUR door.

People might think he is afraid to meet the most popular councillor in Devon (Claire Wright, Independent Parliamentary candidate) on her home turf. Especially as she has a strong track record of standing AGAINST health and education cuts and FOR environmental protection.

Swire? Says he wants ” good health care” but has endorsed CCG changes, did not fight bed cuts in East Devon, only his own corner, is part of the government that is cutting Devon education funding and says we don’t need to worry about environmental protection as it is safe in Tory hands. AND he says being an MP isn’t a job, so he and George Osborne should have as many jobs as they like (he declares two, bringing in £5,000 per month).

He spends much of his time in the Middle East, frequently asks questions in Parliament about places like the Maldives, Egypt and Venezuela and lives in mid-Devon when he ventures south of London.

No wonder he won’t debate!

Claire Wright says:

“I am really disappointed that Hugo Swire is refusing to attend hustings during the general election period. MPs are supposed to be accountable to constituents and this is a golden opportunity for him to talk about how he plans to represent people if he is re-elected. It reflects very badly on him that he is refusing to attend.

“I was looking forward to having a robust debate with him and I can only assume that he is refusing to attend because he is worried about being challenged by me – I have been regularly holding him to account for the past three years via my blog and through the media!”

NHS Sustainability and Transformation plans: all costings now wrong? And what happens to the money gained?

Surely, May’s announcement of many, many more people being made to pay directly for their social care means that costings in STPs are wrong?

As such, they cannot and should not be implemented.

Those providing the care will also have large assets in the form of charges on people’s homes. How (if at all) will these be ring-fenced for the NHS and/or social care in future?

Those making the charges will have assets and so be able to borrow against them or sell them on to hedge funds – they could, in effect, be packaged and traded just as mortgages were – a big facet of the last big financial crash.

A great deal of money can be made or lost in this situation.

Oh dear.