Review points in the right self-reliant age care direction
Credit to the government for not simply ruling out making better-off Australians with healthy superannuation balances contribute more towards the cost of their care.
It’s not surprising that Aged Care Minister Anika Wells did not release the Aged Care Taskforce Review until after this month’s byelection in the federal seat of Dunkley.
It is more than two decades since Peter Costello’s first Intergenerational Report flagged the rising cost of health and aged care services as one of the big fiscal challenges for a rapidly ageing society. Today, the number of people aged 65 years and over has increased to 27 for every 100 of working age – and that is projected to rise to 38 in the next four decades.
Loading...
The Australian Financial Review’s succinct take on the principles at stake in major domestic and global stories – and what policy makers should do about them.
