The Albanese government must recognise that selling the family home is the lesser evil if its aged care ambitions are to be achieved, writes Catholic Health Australia CEO Pat Garcia.
Most would consider the answer obvious. But successive Australian governments have arrived at a counterintuitive conclusion when it comes to residential aged care.Michele Mossop
By 2037, one in five Australians will be over 65, up from one in seven in 2017. The ageing population means we will need 300,000 aged care places by 2030, up from 220,000 today. To meet that demand, we will need to provide 80,000 new places and replace 61,000 existing ones, requiring a capital investment of $48 billion by 2030, or 2.4 times the $20 billion invested in the previous decade.
It would seem a relatively easy fix to lift that cap and start unlocking billions with relatively little fuss or pain. So, why is it not even being countenanced?The answer, of course, is the emotional reaction most Australians have about the right of people to keep their “home”.rightly occupies a special place in the Australian psyche, and doing anything to tweak the rules – especially for older Australians – feels politically intimidating.
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