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Aged Care Financing Instrument

Changes announced to curb program expenditure


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Aged Care Financing InstrumentOn 20 April 2012, the Federal Government announced its ten year, $3.7 billion Living Longer, Living Better aged care plan. Further details on the ACFI component have now been announced.

Summary points

  • Changes to ACFI resulting in lower subsidy payments including:
    • Question 3 (personal hygiene) of ADL domain
    • Complex Health Care matrix
    • One-off reduction in the amount at all care levels.
  • Greater evidence requirements for certain ACFI questions going forward
  • Future growth of aged care subsidies back to historical rates of between 2% and 3% above indexation
  • New consultative group to meet monthly to monitor the impact of these changes.

Download our report for further details.

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