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‘Have to pay somehow’: Experts say wage levy for aged care won’t be enough Save Normal text size Advertisement Almost 10 million Australians could pay up to $610 a year to fund aged care services if the government introduces a new levy, but health experts warn linking funding to wages won’t be enough to fix the failing system. A 1 per cent income levy could cost the median person who already pays the Medicare levy as much as $610, while boosting funds for the aged care sector by $7.85 billion annually. A union proposal for a 0.65 per cent levy would raise about $5 billion a year.

Flinders universitySouth australiaStephen duckettClare oneilGerard hayesHenry cutlerAnthony albaneseGrattan instituteHealth services unionRoyal commissionCentre for health economy at macquarie universityAustralian taxation officeCare services richard colbeckRadio national breakfast onProfessor henry cutlerHealth economy