Around $27 billion was spent on Australia’s aged care system in the 2018-19 financial year, of which the federal government contributed around $20 billion.
Economists warn that implementing the minimum recommendations of the aged-care royal commission would require annual expenditure on the sector to be increased by up to $9 billion. However, this could rise to about $15.5 billion a year if the federal government adopts the most ambitious and costly reforms recommended by commissioners Lynelle Briggs and Tony Pagone, including lifting the Medicare Levy by 1% of income tax.
From The Guardian:
