The Future of Aged Care in Australia
Better general health and medical care, as well as improved access to education and employment, has led to people living longer, healthier lives. By 2050, the number of people around the world over 65 will double and those over 80 will more than triple. Therefore, developing strategies to care for older generations into the future is becoming increasingly important. The Australian government’s decision in recent years to cap fees private aged care businesses can charge, temporarily hampered company share prices in the sector. However, since then, the aged care sector has adapted, and an industry once dominated by government institutions has grown into a booming private sector.
Why the Changes?
- remained sustainable and affordable
- offered choice and flexibility for consumers
- encouraged businesses to invest and grow
- provides diverse and rewarding career options.
The Fallout
Innovative Solutions
Moving towards consumer-directed care is a big part of the changes the government is making to the aged care system. It means people will have greater choice, and care will be based on their needs—individualising them instead of institutionalising them.
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