HCM5001 Fundamentals of Health and Care Finance Assignment
Assignment Task Task 1 A) Recent developments in the financial and legal environment of social care service delivery Financial environment: Due to changes in financial needs, market dynamics and financial crisis, there is a continuous evolution of financial regulation which as follows: Health and care Act: On 21 July 2021, New Health and care Bill was enacted with the aim of improving care facilities for all. The bill aims at raising 36 billion pound in upcoming three years through taxes ( Department of Health and Social care. 2025 ) . This will help in overcoming the long term financial challenges and provides supports in offering effective services to the patients. In this regard, Government will increase taxes by 1.25% which further used for providing healthcare services to the patients ( Health and Social Care Levy, 2024) . Capping adult care cost: For Increasing health and social care ...