Health and social care could consume half of government spending in 50 years’ time if current trends continue, a think tank has predicted.
By Rebecca Smith, Medical Editor
7:30AM GMT 31 Jan 2013
By 2060, half of all Government spending could go on health and social care unless major changes are made, the King’s Fund has reported.
The new report states that population changes, increases in wealth and medical advances will increase pressure to spend more on health and social care in the future.
Currently nine per cent of the UK’s income is spent on health and social care, and this is predicted to more than double to 20 per cent by 2061. Taking into account economic growth, current levels of taxation and Government expenditure this would mean one in every £2 spent by the Government went on care.
Prof John Appleby, author of the paper, said that increases on this scale were not inevitable. (more…)