A taskforce reviewing funding arrangements for aged care has rejected the idea of a tax levy to cover the sector's costs and instead suggested Australians accessing care should pay more based on their personal wealth , the ABC News website reports today (March 12, 2024).
The Albanese Government established a taskforce last year to find out how the country could properly fund aged care, following a range of recommendations made by a damning royal commission into the sector.
A total of $23.6 billion was spent on aged care in 2020--21, which increased to $24.8 billion in 2021--22, and $27.1 billion last financial year in 2022--23 with aged care expenditure expected to reach $42 billion by 2026--27.
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