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

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.”

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