The Aged Care Taskforce has held its first monthly meeting, which was Chaired by Minister for Aged Care Anika Wells and issued a Communique.

The Taskforce was announced in the 2023-24 Federal Budget to review aged care funding arrangements, with a view to developing options for a “fair and equitable” funding system.

Central to the Taskforce will be assessing the need for increased consumer contributions to the costs of aged care, for those who can afford it – Plan B.

The Communique said the Taskforce will consider, “The full range of mechanisms to develop a more equitable, sustainable and viable aged care sector, including existing financial products that are currently underutilized in aged care.”

The Minister said, “How aged care is funded is critical to make sure older people have access to equitable, innovative and high-quality care.

“I’m looking forward to working with this group of advocates, leaders and experts.”

You can read the Communique HERE.

The SOURCE: The announcement of the Taskforce in the Federal Budget was an indication the Government is seriously weighing up the role of consumer contributions in aged care funding, and there is growing recognition that consumers who can afford to, should pay more for their care. We are watching this national conversation closely.