Money's tight for young people. Adding a Medicare-style levy to everyone's tax bill is the wrong way to increase aged-care funding
- Written by: Nicole Sutton, Senior Lecturer in Accounting, University of Technology Sydney
ShutterstockThe funding of Australia’s aged care is fast reaching a critical point. As our recent report shows, the costs of providing high-quality services will likely escalate to A$40 billion by 2026 as the first baby boomers reach their eighties.
One proposal to fund this increased expenditure is a Medicare-style levy for aged care.
Howeve...
