Funding shortfall may force UK care homes to close, says watchdog

Fees paid by councils fail to meet costs of caring for residents, according to Competition and Markets Authority

The UK care home market is grappling with an unsustainable £1bn-a-year funding gap that could spark a string of closures across the country, the competition watchdog has warned.

The Competition and Markets Authority (CMA) said resident fees paid by councils failed to meet care home costs, causing a significant shortfall and ramping up prices for those paying for private care.

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from The Guardian http://ift.tt/2Aj7bNL