People with expensive homes should have to pay more for aged care, a leading economic think tank says, as the Coalition and industry providers signal support for plans for wealthier retirees to pay more.
In a plan designed to strengthen the sector ahead of a surge in demand, Aged Care Minister Anika Wells on Tuesday released recommendations from an expert review into the aged care system. They include the idea that a fee-for-service model is appropriate where residents can draw on healthy superannuation balances to pay for their care.
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Tom McIlroy is the Financial Review’s Canberra bureau chief based in the press gallery at Parliament House. He was previously the AFR’s political correspondent. Connect with Tom on Twitter. Email Tom at thomas.mcilroy@afr.com
Simon Evans writes on business specialising in retail, manufacturing, beverages, mining and M&A. He is based in Adelaide. Connect with Simon on Twitter. Email Simon at simon.evans@afr.com
