Providing and financing aged care in Australia
Author(s) -
Francesco Paolucci,
Henry Ergas
Publication year - 2011
Publication title -
risk management and healthcare policy
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.828
H-Index - 22
ISSN - 1179-1594
DOI - 10.2147/rmhp.s16718
Subject(s) - beneficiary , payment , business , sustainability , aged care , exploit , long term care , population , population ageing , finance , medicine , environmental health , gerontology , nursing , ecology , biology , computer security , computer science
This article focuses on the provision and financing of aged care in Australia. Demand for aged care will increase substantially as a result of population aging, with the number of Australians aged 85 and over projected to increase from 400,000 in 2010 to over 1.8 million in 2051. Meeting this demand will greatly strain the current system, and makes it important to exploit opportunities for increased efficiency. A move to greater beneficiary co-payments is also likely, though its extent may depend on whether aged care insurance and other forms of pre-payment can develop.
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