Elderly Social Care (Insurance) Bill [HL]

Key Points

• Creates a publicly owned insurance body to cover elderly care costs for homeowners, sold at cost.
• Insuranc e would aim to prevent homeowners from needing to sell their homes to fund care by paying care costs through the scheme.
• Connects housing and healthcare policy by funding social care through insurance; involves government-backed funding arrangements.
• Originated in the Lords and has progressed through Lords stages, now in the Commons for consideration (2nd reading).
• Addresses the funding of long-term care and the potential use of technology or data for administering the insurance and claims (as part of policy scope).

Progress

Originated in the Lords and completed several Lords stages; it has been introduced to the Commons and is currently at the 2nd reading in the House of Commons.