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Tartan LTC premiums may tumble after MSPs press for extra funding

Scotland could be set for cheaper long-term care premiums than England as the Scottish Parliament comes under pressure to fund nursing and everyday care North of the border.

Scotland&#39s First Secretary Donald Dewar is facing calls from Opposition Scottish Nationalists and Tories as well from Labour&#39s own coalition partners the Liberal Democrats to implement fully the recommendations of the royal commission on long-term care.

The move could create a disparity in premiums as Westminster has rejected the recommendations to pay for both nursing and personal care, choosing to meet the cost of nursing care only.

LTC experts claim the move will mean much lower premiums in Scotland and could lead to demand for different insurance products.

PPP Lifetime Care long-term care manager Paul Bennett says: “If the Government pays for more, it means the individual would have to pay less. This means insurance products would become more affordable as people have to insure for less.”

Consolidated Communications director of public affairs Jim Boyd says: “Ever since the Scottish Parliament was given responsibility for health policy in Scotland, the potential for differences between Scotland and the rest of the UK has been significant. It would come as no surprise that different approaches to the funding of personal care and healthcare in Scotland would lead to a demand for different insurance and financial products.”

Comment, p29

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