The funding model for aged care is broken, so how do we fix it?

Like health care, aged care is heavily subsidised by the government, meaning the taxpayer, with the balance picked up by those receiving care who can afford to pay. But big investment corporations also play a big role in helping to grow the sector and improve the living standards of residents. They claim the funding model is broken and are waiting for the government to clearly explain how it’s going to cater for an ageing population, and greater demand, before backing the sector again.

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Topics:
Government, Policy, Legislation

Author:
Fran Kelly interviews Grant Corderoy, Partner, Stewart Brown Chartered Accountants, Ian Yates, Chief Executive, COTA and Rachel Lane, Principle, Aged Care Gurus

Source:
ABC RN Breakfast

Date published:
Wed 19th Sep, 2018