Morrison aged care package is what ‘older Australians need and deserve’12/05/2021|7min
The chief executive of a major aged care association has hailed the much-needed injection of funds into the industry featured in the Morrison government’s budget on Tuesday night.
Treasurer Josh Frydenberg unveiled the Commonwealth’s aged care package on Tuesday night which included a $17.7 billion response to the Aged Care Royal Commission findings.
Chief Exeuctive of Leading Age Services Australia Sean Rooney praised the package as “what the sector has wanted” and what older Australians “need and deserve”.
“We see record funding going into the aged care system, we see a response to the 148 recommendations from the Royal Commission into Aged Care, and we now have a five year plan for a total overhaul and reform of the aged care system,” he said.
InteliCare Holdings poised to take advantage of once-in-a-generation aged care Budget spend
The Federal Budget promised $6.5 billion for an additional 80,000 home care packages that can fully fund InteliCare technology. This is a pivotal time in Australia s aged/disability care evolution, says CEO.
InteliCare Holdings Ltd (ASX:ICR) is well-placed to benefit from the Federal Budget in which record spending was committed for the Aged Care sector off the back of the recent Aged Care Royal Commission.
Of the 148 recommendations by the Royal Commission, the Government has accepted (or accepted in principle) 126, many targeting the growth of assistive technology – such as InteliCare’s commercialised subscription-based Internet of Things (IoT) and Artificial Intelligence (AI) product for use in the aged care and health industries.
Politics by Sue Dunlevy
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Subscriber only Tens of thousands of older people who need help to stay at home will miss out because a budget funding increase is $1.4 billion short of what is required. The revelation came as aged care providers, nurses and pensioners welcomed the record $17.7 billion funding injection for aged care but agreed it was not enough to fix the neglect of our elderly. A detailed analysis by the Combined Pensioners and Superannuants Association reveals the 100,000-long waiting list for home care packages won t be eliminated by extra funding in the budget. The government s own data shows in December there were 96,859 people waiting for a home care package but the budget will fund only 40,000 new places next financial year and a further 40,000 places from July 2022.
These are ‘five big things’ which will be remembered’ from the federal budget 11/05/2021|10min
Sky News host Paul Murray has assessed “five big things” to come from the federal budget which was delivered on Tuesday evening by Treasurer Josh Frydenberg.
“There is a massive amount of money for aged care,” Mr Murray said.
“We saw out of the Aged Care Royal Commission, a real need to do this”.
Mr Murray said, secondly, people over the age of 60 will be able to put $300,000 into their superannuation if they were to sell their family home.
“That’s a big change, you’re not going to see that a lot in the newspapers”.
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The federal budget s big investments in areas such as aged care and disabilities support have been welcomed by many, although critics warn too many vulnerable people remain neglected.
Treasurer Josh Frydenberg on Tuesday night unveiled the 2021 federal budget, detailing a plan to build Australia s economic recovery through significant investments in aged care, mental health and disability support.
“A strong economy enables us to guarantee the essential services Australians rely on,” the treasurer said.
“In this budget, the government is providing record funding for schools, hospitals, Medicare, mental health, aged care and disability support.
This budget is for billionaires and big corporations.