Industry fears of a rapid flight from bonds have not materialised and the overall pool of lump sum payments has grown since the 1 July reforms, according to the latest Aged Care Financing Authority report.
Benefits consumers can gain from using a home equity release product to fund their residential aged care should console aged care provider concerned over losing lump sum bonds to daily accommodation payments, according to an aged care credit advisor.
The creator of new aged care consumer review site defends comments that seniors risk being abused in new pricing regime, while providers accuse him of grandstanding.
Aged care provider representatives have expressed confidence that the government is ‘receptive’ to their concerns, as details of the recent aged care reform package are worked out.
Will the federal government’s aged care reform package make providers less reliant on bonds? KPMG’s Dr Henry Cutler suggests it might be time for providers to review their current business model.
Providers expect the federal government will soon reform aged care and are getting financially ready for wide-sweeping change now, according to newly released Bentleys survey results.
Industry experts in law and finance say that while some questions about aged care reform recommendations remain unanswered, in general there is little to worry about.
Mike Woods from the PC shared his views on life after Caring for Older Australians at the ACAA NSW State Congress.
Commissioner Robert Fitzgerald and Associate Commissioner Sue Macri explained why they made the recommendations they did at a Q & A session in Sydney yesterday.
The highly anticipated draft report contains new arrangements for accommodation charges and care contributions.
The President of ACAA-NSW has called for a number of immediate but incremental reforms.
The national seniors peak body supports plans to overhaul aged care in the name of consumer choice.
A senior industry figure wants the government to change the definitions of high and low care under the new funding instrument to increase capital flows.
The Minister promises “tough penalties” for facilities that charge more but fail to deliver.