/ 13 March 2024

An age-old dilemma

Aged Care

Young Aussies aren’t the only ones making news… Controversial aged care reforms are back in the spotlight after an Albanese Government-appointed taskforce handed down its report on the sector. It made several recommendations, but the one that got tongues wagging is the “strong case” for wealthy older Australians to pay more to help fund the system. It’s been suggested because aged care is a big strain on the Federal Budget, and with the number of Aussies aged over 85yo tipped to triple by 2050, costs will rise. Yesterday, Aged Care Minister Anika Wells said it’s not “fair” for taxpayers to foot most of the bill but ruled out “increased taxes or a new levy” or changes to how older Aussies are assessed for government assistance. Wells says the government will “continue to analyse” the report – it’s expected to share its response before the May budget.

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