The Government is electioneering and still failing to ensure the country is ready for an ageing society the Lords have said.
The House of Lords Committee on Public Service and Demographic Change has warned that the Government and society are woefully underprepared for ageing.
The Committee report: Ready for ageing?' says, without urgent action, this could turn into a series of crises.
The report added changes involved create major challenges for individuals, for employers, for welfare services, for the Government and all political parties.
The number of people aged over 65 in England and Wales with dementia is expected to rise by over 80% by 2030.
In 2010, treatment and care for people with long-term conditions accounted for 70% of the total health and social care spend in England.
The Lords said quality of healthcare for older people is not good enough now; social care and its funding are already in crisis.
Without radical changes in the way that health and social care serve the population, needs will remain unmet and cost pressures will rise "inexorably", the report said.
It added that if this issue isn't dealt with soon it will become harder and harder to keep older, frail people out of hospital.
Lord Filkin, the Committee Chairman, said current changes in the pipeline were as much about cutting public spending as helping people to prepare for much longer lives.
Filkin said. "The Government's weak response has failed again to address this and is deeply disturbing.
"The Government's focus is on past achievements and the coming election rather than what we need to do to address this major social change and how we re-shape our welfare settlement to be fair to all generations, young and old.
"In the light of this the members of my committee intend to challenge all political parties to address these issues properly and honestly before the next general election."
