The writer is professor of public economics, European Institute, London School of Economics
The purpose of insurance is to protect a person from the risk that a bad thing might happen, which the person cannot stop happening and which, if it happens, is very expensive. Needing social care at some stage in the future is precisely such a risk.
The government is right to treat the finance of social care as an insurance issue, but should take a wider view of fairness across generations.
您已阅读13%（484字），剩余87%（3287字）包含更多重要信息，订阅以继续探索完整内容，并享受更多专属服务。