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It is reported in The AFR that the federal government will allocate an additional $452 million to aged-care in response to the final report of the royal commission into the sector, with further measures to be included in the May Budget.
The report has made a total of 148 recommendations, with commissioners Tony Pagone and Lynelle Briggs concluding that the sector requires a massive increase in funding, and that this should be financed via a tax increase.
Briggs has recommended a Medicare levy-style tax, while Pagone favours an increase in the Medicare levy or a one per cent income tax increase.
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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness.
Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.