Aged Care Minister Anika Wells looks set to make retirees pay more for in-home aged care packages, saying the government wanted to get the balance right between how much taxpayers and the elderly pay to fund aged care.
The Albanese government’s aged care taskforce said in its final report, released last week, that it was neither “optimal” nor “fair” that taxpayers forked out 95 per cent of the cost of in-home care packages and 75 per cent of the cost of residential aged care funding.
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Michael Read is the Financial Review's economics correspondent, reporting from the federal press gallery at Parliament House. He was previously an economist at the Reserve Bank of Australia and at UBS. Connect with Michael on Twitter. Email Michael at [email protected]
