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Title: |
The implications of personal budgets for the home care market. |
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Reference: |
Public Money and Management, 31(2), March 2011, pp.91-98. |
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ISSN paper: |
0954-0962 |
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ISSN online: |
1467-9302 |
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Abstract: |
Using an analytic framework based on the preconditions for effective markets, this article considers how the widespread introduction of personal budgets is likely to affect the market for social care. It looks at the potential responses of the home care provider market to the new conditions that will be established by the widespread introduction of personal budgets for publicly funded adult social care support. It provides an overview of the development of markets in English adult social care and the development of personalised funding. It discusses social care markets (using the findings of research into the potential impacts of personalisation on providers of home care services published in 2008), focusing on the findings relating to 3 key market functions: multiple buyers and sellers, free market entry and exit, and perfect information about the market. The authors conclude that, if the introduction of personal budgets is expected to make social care markets more responsive to client needs, it is not clear from their study how this goal will be achieved. They note that while there are some promising signs of changes that should result in a more responsive market, there are some structural features that may act as barriers, and that there are new roles that local authorities could usefully play in facilitating local markets during the transition period and in the longer term. |
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Format: |
article; |
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Topics: |
home care; local authorities; mixed economy of care; personal budgets; personalisation; private sector; social care provision; |
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Record ID: |
www.scie-socialcareonline.org.uk/profile.asp?guid=ed32afa5-bd02-43e2-927b-8aaf07639940 |
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