Current Affairs National Health Service

[Brennan]

Something like the land value tax would be useful here as it taxes capital as much as it does income. Obviously retirees have quite a lot of wealth but not much income. There was a piece in the Economist this week about the increasingly raw deal younger generations get compared to Boomers in terms of the public services they get back for their taxes.

Britons in their thirties are stuck in a dark age

Youth is wasted on the young. But wealth is wasted on the old

www.economist.com

Retirees do have wealth, but you also have to take into account the massive swings in stock markets which can impact pension funds.

I was looking into pensions in a bit of detail recently. If I wanted to retire and take say £15k per year from my workplace pension savings over 30 years, I could either end up with £2m of cash left when I die, or actually be minus £700k (having £700k less than I would actually need) depending on how the stock market performs over the retirement period.

Retirees should have a significant buffer in savings under the current pension system we operate in the UK, as it’s the only way to guarantee you won’t run out of money when you’re 75 and be destitute.

 

[Rita_Poon]

Retirees do have wealth, but you also have to take into account the massive swings in stock markets which can impact pension funds.

I was looking into pensions in a bit of detail recently. If I wanted to retire and take say £15k per year from my workplace pension savings over 30 years, I could either end up with £2m of cash left when I die, or actually be minus £700k (having £700k less than I would actually need) depending on how the stock market performs over the retirement period.

Retirees should have a significant buffer in savings under the current pension system we operate in the UK, as it’s the only way to guarantee you won’t run out of money when you’re 75 and be destitute.

marry me, I'll look after it for you...

 

[Brennan]

Pension Drawdown Calculator: Retirement Drawdown Calculator - Easy Use

Click here to use our Pension Drawdown Calculator. Find out how much you can take from your pension pot and discover how long your pension will last

www.2020financial.co.uk

This is one of the tools I was using incase anybody was interested.

£300k pension pot at retirement (which I think equates to around £175pm pension savings from age 25) could show the following:



So if you retired with £300k you could either end up with £12.8m, or negative £800k and one third of the time you’d end up with no money before death.

 

[roydo]

Heard on the radio earlier that there are 13000 patients who are now ok to be discharged, but cant be cos there is nowhere to discharge them to.

Where were they when they were admitted? Now, granted, some may need discharge to a care/nursing home, and we all know the pressures there, but still, it bewildered me a bit.

 

[tsubaki]

Heard on the radio earlier that there are 13000 patients who are now ok to be discharged, but cant be cos there is nowhere to discharge them to.

Where were they when they were admitted? Now, granted, some may need discharge to a care/nursing home, and we all know the pressures there, but still, it bewildered me a bit.

Living alone probably

 

[roydo]

Living alone probably

So back to social/community care again innit?

 

[Kurt.]

 

[Rita_Poon]

View attachment 200261

It'll be the track & trace firm, they've got bundles of stuffed mattresses sat ready to go...

 

[Yarrgh]

View attachment 200261

We will have to see a Venn diagram to see who the common set are between Tory grandees and recent purchasers of escape palaces in St Kitts are to reveal the mattress millioaires.

 

[Bruce Wayne]

These bloody migrants overwhelming the NHS

 

[Bruce Wayne]

Inside Japan’s long experiment in automating elder care

The country wanted robots to help care for the elderly. What happened?

www.technologyreview.com

 

[COYBL25]

View attachment 200261

All joking aside. where are they getting the staff from, to look after the patients, that are going to be filling these beds ?

There`s thousands of vacancies in social care, as well as nursing.

It reeks of those nightingale hospitals.

 

[Rita_Poon]

All joking aside. where are they getting the staff from, to look after the patients, that are going to be filling these beds ?

There`s thousands of vacancies in social care, as well as nursing.

It reeks of those nightingale hospitals.

Imagine going cap in hand begging nurses for something now, the retiring and recently retired.

 

[Jebus_lives]

Heard on the radio earlier that there are 13000 patients who are now ok to be discharged, but cant be cos there is nowhere to discharge them to.

Where were they when they were admitted? Now, granted, some may need discharge to a care/nursing home, and we all know the pressures there, but still, it bewildered me a bit.

It's not just about having a place to discharge them to, it's also about approval of a care plan, which is dependent upon both availability of somewhere to be discharged too but also the availability of the care required on discharge. If there's nowhere for people to go then it's unlikely a care plan will be prioritised, so those people continue to occupy a bed.

It's really not so much about a crisis in the NHS as a crisis across Health and Social Care.

 

[Harryflashman]

Heard on the radio earlier that there are 13000 patients who are now ok to be discharged, but cant be cos there is nowhere to discharge them to.

Where were they when they were admitted? Now, granted, some may need discharge to a care/nursing home, and we all know the pressures there, but still, it bewildered me a bit.

Some years ago When my late mum got admitted to hospital and was then ready to be discharged it took over a week to finally get her release signed off and all manner of hoops to be jumped through with the care plan . We’d arranged care , mostly via the family and carers (who we subsequently got rid of ) and various beds, wheelchair and stairlift but were still having calls not returned . It was only resolved when eventually I gave them a deadline and left a message with the liaison that I’d be removing her from the hospital whether it was approved or not . In this case it could just have been one failing rather than endemic of the system but it certainly illustrated to me a real problem .

Now In those circumstances we’d been financially able to pay for what she needed and able as a family to provide the time to look after her but her bed was still tied up for over a week when she could have left . The situation for those who live alone or without the time or the money must be significantly worse and a nightmare for all sides involved.