Uk Government’s Helps Senior Citizens To Reduce Quick Quid Loans

By Author: adam gilchrist
Total Articles: 2
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Health Ministry Steps Can Reduce Senior Citizens Dependency on Quick Quid

Health care is an expensive issue in the UK and Senior Citizens are facing the burden of finances at the health care. Since, 64 years nothing much has been done for Senior Citizen in the UK at the Health Care upfront. Now, a draft worth of 300 million pounds ($467 million) from the healthcare department is about to land into social care. U.K Health Secretary Andrew Lansley made an official announcement and all this process is about to continue until capping on the elders care cost is kept under minimum. Set aside the pensioners, what about citizens who are finding it difficult to make payments on insurance bills or medical prescription bills? Low income groups are severely getting targeted because of job cuts, no income. These groups will require emergency quick quid from institutions for bad credit scores. Banks and credit unions will withdraw in providing loans and as a result quick quid pawn brokers, street-end money lenders, and other bigger lender options are opened up. Hard to image, but people who take short term loans from money lenders ...
... more often fall into the debt-trap and circumstances drag them to bankruptcy. You need not feel surprised when you are finding your most wanted valuables put to auction and the proceeds send to quick quid payday loan lenders account. Sometimes, people do plan throughout their lives for a balanced living, but in old-age, the expensive medical treatments may force the families to either sell out their hard earned assets or travel to East to undergo treatment. Medical expenditure is inexpensive in Asian nations.

Reduction in Quick Quid Is Possible with Financial Pressure on the UK Government

In London, in the presence of lawmakers, Lansley told overhaul will "make it easier for people to get the care they want." In the conversation with the press and the lawmakers, the Health Minister, Lansley did not explain as how the gap in financing for population of aged beyond 2015 will be filled in. Further, Lansley said, "Immense financial pressure" on public finances meant the government wouldn't yet commit on the level of the cap" In 2011, Andrew Dilnot, has led Commission on Funding Care and Support, recommended a cap of 35,000 pounds a year and any amount beyond it will be drawn from the exchequer of the state. The threshold point of total assets that is increased form 23,250 pounds to 1, 00,000 pounds for any pensioner in order to meet the full cost of care. Dilnot, a former director of the Institute for Fiscal Studies, said "The proposals will prevent people spending more than a third of their wealth on care costs instead of as much as 90 per cent under the existing system." Everything sounds good to listen, but can this financial expenditure be borne by the Health Department is the biggest question. Or payday loan advances will come to action.

The issue of Obamacare in the USA has roused a huge uproar in the legislature and the issue was referred to Supreme Court. In a hearing the Court upheld the individual mandate that led to a big debate at this time of elections in November 2012. However, Health insurance has not become an individual mandate in the UK; therefore, people can risk health and avoid tax. It is high time for governments in the UK, to support the issue of health care money seriously.