Productivity Commission Announcement

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The SENIOR newspaper announces that the Productivity Commission has recommended sweeping changes to funding for aged care. 

  • Allow pensioners to buy a CPI-indexed government bond on the sale of their house to cover the cost of aged care. 
  • Create an Australian Seniors Gateway Agency to assess people for care services according to assessed need.
  • Implement building  design  standards to meet the needs of older people with functional limitations.
  • Remove the distinction between low and high care.
  • Require residential aged care facilities to set accommodation charges consistent with the cost of supply.
     

Council on the Ageing national chief executive Ian Yates said the proposal for a government-backed
equity release scheme was a positive step.