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Labor considering bigger Medicare levy to fund aged care

Labor considering bigger Medicare levy to fund aged care
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Don t lift Medicare levy to fund aged care

MacroBusiness Access Subscriber Only Content at 12:20 pm on April 19, 2021 | 20 comments New modelling undertaken on behalf of the Health Services Union indicates that an additional $20 billion over four years is needed to provide high-quality aged care, and these extra funds could be raised by increasing the Medicare levy from 2% to 2.65%: HSU national president and NSW secretary Gerard Hayes… said HSU’s Medicare proposal would deliver the necessary funding and, if there was a better idea out there, he would “love to hear it”. I staunchly oppose raising the Medicare Levy to fund aged care for the following reasons: Over-65s are the wealthiest demographic in Australia, with over 80% owning their homes, whereas home ownership has collapsed for younger Australians.

Gerard hayesGrattan instituteHealth services unionMedicare levyPensioners tax offsetஜெரார்ட் வைக்கோல்க்ர்யாடெந் நிறுவனம்ஆரோக்கியம் சேவைகள் தொழிற்சங்கம்மருத்துவ வசூல் செய்தல்ஓய்வூதியம் பெறுவோர் வரி ஆஃப்செட்

Wind back retirement tax breaks to pay for better aged care

Wind back retirement tax breaks to pay for better aged care Rather than just hit working people with a tax hike, the government should tighten the superannuation concessions that have just one in six older Australians pay any income tax. Share The Royal Commission into Aged Care Quality and Safety has made it clear: Australia needs to transform its aged care system. The final report, released on Monday, showed that too many older Australians don’t get the care they need, including the 100,000 currently on the home care waiting list. The royal commissioners lay the blame for this crisis on, among other things, inadequate funding. The present ration-based approach means funding is determined “irrespective of the level of need, and without sufficient regard to whether the funding is adequate to deliver quality care”. Expenditure has not kept pace with demand.

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