Care homes - Limit profit margins, as well as building more affordable ones
All care home profit margins need to be limited and standards improved through regulation and tax incentives. The availability of affordable decent care homes needs to be increased through tax incentives.
Signatures
10
signatures
Government response threshold (10,000) · 10/10,000
Debate threshold (100,000) · 10/100,000
- 18 FEB 2025Petition rejectedno-action
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- 20 DEC 2024Petition created
Background
According to the Caring Times website, the average profit margins for care homes are around 30%, unyet the average profit for service firms is around 15%. The average cost of a care home in the UK is more than £41,600 per year. If you do a web search for "affordable care homes" you get nothing. The majority of people in this country could not afford even the cheapest private care home in their area.