Victoria spends under $1bn specifically on aged care services, with the following outcomes:
- The minimum daily allowance for food and preparation approaches $4-6 per day in some homes, with an average of $6 +, v convicted felons of $8.25 , a community spend of $18-22
- Well over 50 % of aged care residents have some symptoms of malnutrition
- Aged care homes in Victoria have been likened to Guantanamo Bay.
- 18 residential aged care home and 5 home care service providers failed to meet the required standards.
Private aged care homes are profit driven, confinement v care homes, offer super returns to investors, provide a minimum level of service and operate behind a complex, opaque, indecipherable series of contractual terms for residents with nowhere else to go.
The current tax regime is unsupportable – seniors with houses worth $ms , with no assessable income, can claim state pensions and social security through their aged care lifetime , while struggling, working families renting, with taxable income in excess of $20,000, pay for it.
With 1.25m seniors now, which will double in 25 years .
Radical action is required now!
- Recognise the scale of future demographic challenges, plan and finance the required build and support.
- Pursue a public partnership v wholly private solution, identifying “poster child” providers whose model is to be replicated elsewhere.
- Elevate minimum nutrition, clinical and care resourcing and standards.
- Reform the fiscal regime to ensure a fair share of financing v the future burden falling on our children.