My research has revealed that pensioners face paying £150,000 for residential care before they hit the so-called ‘cap on care costs’.
The average national figure to be funded by pensioners is more than double the £72,000 which Minsters have claimed.
Here in the East Midlands, pensioners will face paying more than £190,000 before they reach the ‘cap’ – higher than any other region in the country.
My analysis also shows the vast majority of elderly people – 6 out of 7 – will have died before they reach the ‘cap’.
David Cameron isn’t being straight with elderly people about how much they will really have to pay for their care under his Government’s new funding proposals. I think elderly people and their families deserve to be told the facts, so they can properly plan for the future, rather than have the Government attempt to pull the wool over their eyes.
Details of my research and the estimated costs for each region in England can be found below: