Saturday, 22 January 2011

If Baby Boomers were worried aged care might be stuffed by the time they turned 75 - worry no more


Read and enjoy current aged care recommendations in the Caring For Older Australians: Draft report presented to the Gillard Government by the Productivity Commission and released on 21 January 2011.

Less direct accountability for government, less transparency if that is actually possible, a freer hand for aged care providers (including the ability to palm-off aged care bed categories with low profit margins) and the potential for all manner of agencies to increase costs on a whole range of services (including removing the cap on high care accommodation charges), ‘supported’ beds for low-income frail aged eventually assigned to the lowest tenders, a more market-driven provision of aged care services for special needs groups, and as an added bonus, the continuing option of being faced with no nursing home bed available in the area in which you live in your retirement – I give you A framework for assessing aged care: draft recommendations.

However, as has been the case down the centuries, if you enter old age with significant assets and investments you will still be able to afford the best on offer and probably do a little better out of those same proposed aged care provisions.

The entire report can be found here.

We have all been invited to examine this report and make written submissions to the Productivity Commission by Monday 21 March 2011.
Email agedcare@pc.gov.au for further information

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