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Latest news:
Social care under-funded and rationed, say MPs
Adult social care in England is "chronically under-funded" and "severely rationed", according to MPs
The Health Committee warned urgent action was needed and told the political parties to stop their point-scoring and seek solutions instead.
The cross-party group said if politicians failed they would "betray current and future generations".
Ministers are expected to set out their plans for reform of the £16bn system in the coming weeks.
Social care, which includes support provided by councils to people in their own homes for things such as washing, eating and dressing as well as residential home placements, is now at the top of the political agenda.
Last summer the government put forward three options for change - one of which involved charging people a compulsory levy of up to £20,000, which has been dubbed a death tax by the Tories.
In recent weeks, the row has escalated with the parties launching attacks on each others' policies.
Two summits have been held in the last month alone, but still no consensus has been reached.
But the committee said it was essential agreement was brokered early in the next parliament so as not to "betray current and future generations".
The report said reform was long-overdue, pointing out it is 13 years since Tony Blair announced changes would be made.
In that time, councils have been placing more and more restrictions on who can get access to care.
Three quarters of the 152 local authorities with responsibility for care now only provide services to those with the highest needs.
Costs
What is more, the means-tested threshold, which stipulates that anyone with assets of more than £23,000 has to pay for their care, was unrealistic, the MPs suggested.
They point out that the actual cost of care on average, certainly of care homes, was much higher.
And without reform, the situation is only going to get worse because of the ageing population, the MPs said.
However, they pointed out that the baby-boomer generation will not hit their mid 80s until the early 2030s, creating what they claimed was a "window of opportunity" to improve the system.
Committee chairman Kevin Barron added: "We don't want this issue to be turned into an election football for it to be kicked back into the long grass again in a few weeks."
And as an interim measure, while the system is being reformed, he said the £23,000 threshold should be raised so that more people could get access to care.
Mr Barron also said general taxation should not be ruled out as a way of funding social care - all the options being considered at the moment involve some state funding, coupled with individual contributions.
Stephen Burke, of Counsel and Care, a charity for older people, said: "This sets out in clear terms why we need reform. The three parties now need to meet the challenge."
Care services minister Phil Hope said a white paper setting out how the system should be changed and funded in the future would be published soon.
He added: "Fixing our system of care for people who are older and disabled is our very highest public service priority."
View this story at it's source: http://news.bbc.co.uk/1/hi/health/8561873.stm
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