Posted on Wednesday, Feb 23, 2011 by admin
The SENIOR newspaper announces that the Productivity Commission has recommended sweeping changes to funding for aged care.
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Allow pensioners to buy a CPI-indexed government bond on the sale of their house to cover the cost of aged care.
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Create an Australian Seniors Gateway Agency to assess people for care services according to assessed need.
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Implement building design standards to meet the needs of older people with functional limitations.
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Remove the distinction between low and high care.
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Require residential aged care facilities to set accommodation charges consistent with the cost of supply.
Council on the Ageing national chief executive Ian Yates said the proposal for a government-backed
equity release scheme was a positive step.