Wealthy older Australians should pay more for aged care services, expert panel recommends

Australia News News

Wealthy older Australians should pay more for aged care services, expert panel recommends
Australia Latest News,Australia Headlines
  • 📰 GuardianAus
  • ⏱ Reading Time:
  • 40 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 98%

‘Strong case’ to increase co-contributions for people with means, as there will always be some who need more government support, report says

Aged care minister, Anika Wells, holds the hand of a resident during a visit to a Canberra facility. She says the government has ruled out a new tax or levy to fund aged care services.Aged care minister, Anika Wells, holds the hand of a resident during a visit to a Canberra facility. She says the government has ruled out a new tax or levy to fund aged care services.

Sign up for Guardian Australia’s free morning and afternoon email newsletters for your daily news roundup Dad is known within our family as ‘the magic man’. But when it came to aged care, we faced an agonising choice | Tracey Spicer, anticipated for months by industry sources, sketches potential reforms which could be pursued federally. The Albanese government is expected to give its formal response to the report in coming weeks, after considering the recommendations.

“As a result, there is more scope for older people to contribute to their aged care costs by using their accumulated wealth than in previous generations.” “Government spending on aged care as a proportion of gross domestic product is projected to grow from 1.1% in 2021–22 to 2.5% in 2062-63.”

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

GuardianAus /  🏆 1. in AU

Australia Latest News, Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

These are the best countries for wealthy expatsThese are the best countries for wealthy expatsThe growing wealth gap in many western countries is pushing some to restrict tax and citizenship benefits aimed at expats. So where can they go to protect their assets?
Read more »

Wealthy Boomers should use super for aged care: taskforceWealthy Boomers should use super for aged care: taskforceA government-appointed taskforce says a special aged care levy would not be fair to future generations when older Australians are retiring with growing levels of wealth.
Read more »

More Australians Struggling with Mortgage Repayments, Economic Watchdogs WarnMore Australians Struggling with Mortgage Repayments, Economic Watchdogs WarnThe Council of Financial Regulators has reported a rise in the number of hardship applications for mortgage relief in Australia, indicating that more Australians are falling behind on their mortgage repayments due to inflation and high-interest rates.
Read more »

Young Australians hit hardest by cost-of-living crunch, new study revealsYoung Australians hit hardest by cost-of-living crunch, new study revealsNew research found 77 per cent of Australia&x27;s Generation Z were facing money worries.
Read more »

Australians singing their way to a shared ChristmasAustralians singing their way to a shared ChristmasSharing a feed, being outdoors, and spending time with loved ones: Australians are singing together about the unique experience of Christmas Down Under in the ABC Classic Choir.
Read more »

Carey’s missteps put Australians under pressureCarey’s missteps put Australians under pressureAlex Carey’s drop of Tom Latham in the final 15 minutes of play ended a day that placed the wicketkeeper in sharp focus.
Read more »



Render Time: 2025-04-28 02:17:24