Push for Wealthier Seniors to Fund Their Aged Care

Published on March 12, 2024

Superannuation, and not increased taxes, should be used to fund retirees’ aged care, a review has found. The federal government established a taskforce last year to consider the options for funding the ballooning aged care sector, following a range of recommendations made by the Royal Commission into Aged Care Quality and Safety in 2021. Its report, titled Neglect, revealed extensive nationwide failures to care for elderly people. The government currently funds 75 percent of residential aged care, and 95 percent of home care, a level that the taskforce describes as “not an optimal or fair mix.” The taskforce, chaired by Aged Care Minister Anika Wells, made 23 recommendations which are being considered by the government....

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