The release of the Government’s Intergenerational Report (IGR) backs the need for reforms being considered for aged care in Australia, according to Aged and Community Providers Association (ACCPA) CEO Tom Symondson.
The IGR forecasts the number of Australians aged over 85 will triple, and those over 65 will double in the next 40 years, with demand for aged care set to spiral.
But also fewer Australians will be working and paying tax, putting significant and continued strain on the federal budget.
“We know that we need a system that supports access for all people in Australia. Every Australian should have access to high-quality aged care that is sustainably funded over the next 40 years and more.”
“The Government’s Aged Care Taskforce brings hope that the problems facing aged care can be fixed and the sector improved. The IGR shows just how vital this work is for all Australians.”
“More than half of aged care providers are losing money on every resident, and the situation for home care providers is on a downward trend. That’s not sustainable now, let alone in the years to come as demand for aged care surges.”