1,500 of Britain's care homes to close by 2020
A new report says about 1,500 of Britain’s care homes will close by 2020 because of the financial crisis.
The report released by the think tank ResPublica says the National Health Service (NHS) will be left with an annual bill of $4.55 billion after 37,000 care home beds disappear over the next five years.
The report also found that elderly patients are likely to be left with no choice but to stay in hospitals, where they would take up one in four beds.
Media reports say, Britain is already facing a hospital bed shortage.
According to a report by the Organization for Economic Co-operation and Development (OECD), it is the second worst in Europe.
The report also says that the number of people aged over 85 in Britain is set to rise by nearly 2 million in the next 20 years.
Meanwhile, the care sector will have a shortfall in funding of £1.1 billion by the 2020/21 financial year, with £382 million linked costs associated with the introduction of the national living wage.
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