‘Time they don’t have’: Why Labor’s aged care fix fails vulnerable retirees
The recent federal budget aims to address the funding gap in aged care for low-means residents. However, many vulnerable retirees continue to face challenges in accessing necessary care due to financial constraints. The current system remains unsustainable, leaving some seniors waiting in hospital beds for extended periods.
- ▪The government increased the market price cap on aged care beds from $550,000 to $750,000 last year.
- ▪This change created a funding gap that has priced out many financially disadvantaged residents.
- ▪Providers can receive significantly more from wealthier residents compared to those supported by the government.
Opening excerpt (first ~120 words) tap to expand
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Excerpt limited to ~120 words for fair-use compliance. The full article is at The Sydney Morning Herald.