Funding and providing for aged care
The burden on taxpayers and on the Commonwealth budget associated with aged care is likely to increase sharply over time and is an issue that cannot be ignored.
This report, presented by Tapan Parekh, Lead Partner - Senior Living at the Leading Age Services Australia Inaugural Congress 2012 is a summary of a paper that Henry Ergas, Senior Economic Adviser, Deloitte, published in the Australian Economic Review and presents arguments for the use of insurance as a funding mechanism for aged care costs.
This report covers the issues of:
- The distribution of costs and risks
- Providing insurance coverage
- Options for reform.