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There are a lot of money for private equity and venture capital companies and insurance plans in Dilnot, said Ray Jones, but where do you leave people vulnerable

Dilnot report on the future financing of social assistance announced this week is the third attempt in recent years to create a just and affordable for the elderly and disabled who need a personal attention and practical assistance. The proposals are for Dilnot shared financial responsibility between the individual and the state. It is suggested that most people, after a financial assessment will address some of the first £ 35,000 of their care costs with public funds, then collect all the bills that continue. For the elderly and disabled in nursing homes and nursing homes, which means you will pay for the first year and a half of your care.

Dilnot The report recommends that a voluntary system to cover the costs of care for people would be personally responsible. Leaving aside all the exclusions that exist within private health insurance, the story here is not reassuring. Think back to the mis-selling by private pension plans in the financial sector, mortgages and staffing policies for mortgage insurance. They promised security for the future, but people stuck at the point of vulnerability and need. Of course, those who established these programs was very good, with high returns to their boards, executives and shareholders. It was those who paid into the company, often for 20 years and over, who found that his statements were worthy of pity, and in some cases worthless.

. Ray Jones is professor of social work at Kingston University and St George's University of London, and was previously director of social services in Wiltshire.