Aged care review should rethink family home means testing, economist says

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Industry providers and the federal opposition are supporting moves to make wealthier retirees pay more for their care.

Already a subscriber?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 forIn 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.

“While the government has indicated it won’t change how the family home is included in means testing for aged care, this should be given further consideration. This would also treat home owners and renters more equitably,” she said. “The taskforce has effectively balanced the perspectives of varied stakeholders to reach a series of recommendations, which collectively seek to underpin the sustainability of the aged care sector, encourage innovation, and facilitate the future supply of aged care services,” he said.

Anglicare Sydney CEO Simon Miller is hopeful the recommendations will “underpin” investment in staff, services and facilities for decades.“The measured and modest proposals to reform accommodation payments, including a phased transition to a rental model for residential care over the next decade, demonstrates a considered approach to safeguarding the sector’s stability,” he said., said the government’s timeline for implementation was critical.

“It is going to take probably three years to implement these recommendations for all your residents so they really need to move quickly. They must not procrastinate and for God’s sake, don’t cherry-pick the recommendations.”Greens aged care spokeswoman Janet Rice said expanding user-pays rules could lead to more profits for operators. She called for an increase to taxes by wealthy Australians and big corporations to pay for improved care.

Source: News Formal (newsformal.com)

 

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