Interim Report Released: Royal Commission into Aged Care
The long anticipated Interim Report regarding the Aged Care Quality and Safety Royal Commission was released on October 31st. Amongst a list of grave failings, the report highlighted the 120,000 long waiting list for home-care packages, which is estimated to cost $2.5 billion to clear.
Prompted by the report’s findings, the Federal Government announced an extra $537m to be spent on urgent areas of concern in aged care. The most significant area of spending will be to address the shortage of home-care packages – with an additional 10,000 home care packages being introduced, starting December 1st with 5,500 places. This is a positive first step to reduce the high waiting times that pose a risk to the wellbeing of ageing Australians.
There has also been discussion regarding the complex matter of funding aged care services, with potential for a new model of funding that is to be based more on individuals’ care needs.
Additionally, a commitment was made that by 2025 no younger people should be in aged care, with $4.7m initially allocated to help with the significant number of specialist disability accommodation and supported independent living options required to fulfil this.
We anticipate that we will see changes affecting the whole aged care development industry resulting from the measures the Government will implement to address the severe failings of certain aspects of the aged care industry.
We anticipate the Government measures to address the severe failings of certain aspects of the aged care industry will result in changes affecting the whole aged care development industry. Keep your ear to the ground for updates and the complete report, to be released by November 2020, as the Government has indicated that their initial response very conceivably will be followed up with additional measures as part of the aged care industry reforms.
For further information, see the official website for the Royal Commission into Aged Care Quality & Safety here: https://agedcare.royalcommission.gov.au/Pages/default.aspx