The changes come with a “no-worse-off” principle so that people who are already in residential care will not make a greater contribution.
Older Australians will be given more support to postpone any move into residential aged care under a major federal policy change that will offer $4.3 billion for more in-home services while expecting wealthier residents to pay more for daily care in nursing homes.
Minister for Aged Care Anika Wells and Prime Minister Anthony Albanese announce the reforms at Parliament House.But the new funding plan is expected to mean that half the residents moving into the system will contribute more over time, so that the growth in federal spending on aged care will fall from 5.7 per cent each year to 5.2 per cent instead.
While this means many new residents will have to pay more than previously expected, the government will set a lifetime contributions cap of $130,000 for each person for their non-clinical care. The Home Care scheme will be renamed Support at Home and will be expanded with $4.3 billion from July in a bid to cut the average wait time for assistance – a significant source of frustration in the community – and help more people.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Long COVID has cost the Australian economy billions in lost work hours, new research saysA new study finds that during September 2022, about 1.3 million Australians were living with long COVID and of that number about 55,000 were children aged four and under.
Read more »
Labour dispute stops Canada's two main freight railways - prolonged shutdown could cost billionsThe Canadian government has moved to end an unprecedented rail stoppage, announcing it would ask the country's industrial relations board to issue a back-to-work order. Canada's top two railroads had locked out more than 9,000 unionised workers.
Read more »
Billions in unpaid super: Here's how much you could be missing out onA new study shows that one in three workers in these age groups could be falling behind in building their nest egg.
Read more »
Billions in unpaid super: Here's how much you could be missing out onA new study shows that one in three workers in these age groups could be falling behind in building their nest egg.
Read more »
Card surcharges are costing us billions, but can they be avoided?The government estimates that major banks and card providers netted a whopping $4 billion in the past year from Australians, all thanks to surcharges.
Read more »
Card surcharges are costing us billions, but can they be avoided?The government estimates that major banks and card providers netted a whopping $4 billion in the past year from Australians, all thanks to surcharges.
Read more »