How to pay for social care

The article suggests that a system similar to the successful automatic enrolment for pensions could be used to manage the financial burden of social care as people age. It proposes pooling the risk of high costs from illness and infirmity to ensure a more sustainable and equitable approach. This idea is important because it addresses the growing concern over the rising costs of elder care and aims to prevent financial strain on individuals and the state. By emulating the pension system, it could lead to better financial planning and support for those who need care in their later years.