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D evelopment and Principles of the National Disability Insurance Scheme
Author(s) -
Walsh John,
Johnson Sarah
Publication year - 2013
Publication title -
australian economic review
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.308
H-Index - 29
eISSN - 1467-8462
pISSN - 0004-9018
DOI - 10.1111/j.1467-8462.2013.12032.x
Subject(s) - context (archaeology) , disability insurance , commission , actuarial science , productivity , scheme (mathematics) , business , political science , economics , economic growth , finance , social security , geography , mathematical analysis , mathematics , archaeology , law
The National Disability Insurance Scheme (NDIS) has been called ‘the most fundamental social policy reform since the introduction of Medicare ’ . In this article, we document the chronology of the insurance and actuarial developments leading up to the NDIS. We describe the critical components of the ‘insurance model ’ in this context and how these apply in a human services framework like disability and potentially other areas. We then briefly document the Productivity Commission ' s vision for the NDIS, including the potential economic benefits. Finally, we present some commentary on the current status of the NDIS ' s implementation and risks which may threaten its success .