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The Aged Care Act rules mean that the average resident will pay more, but the $69.79 daily supplement for low-income elderly could see them sidelined in favour of those who can afford the $470,000 deposits.
StewartBrown’s latest aged care financial performance analysis paints a contrasting picture for the sector. Last year, modest revenue gains failed to overcome continuous growth in direct care and administration expenses.
With the Federal Election just over three weeks away, the Minister for Sport and Aged Care, Anika Wells, appeared on 4BC Breakfast this morning with Peter Fegan in a rare appearance directly answering listener questions.
The Acting Inspector-General of Aged Care Ian Yates has shared a final statement with the public as his term of appointment concludes today.
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