Aged care bonds back on the table
Posted 11 April 2008
The Federal Opposition has put the controversial issue of charging bonds for high-level aged care back on the agenda.
Currently, nursing homes can only receive the up-front interest earning deposits, which are returned to the estates, from people needing a low level of care.
The Opposition has long been opposed to the idea of extending it to high-level aged care.
But Opposition Aged Care spokeswoman Margaret May says the extra income from bonds is needed to avert an aged care funding crisis.
"When this has been raised in the past I don't believe it has been marketed properly," he said.
"I don't believe the model that has been put on the table, or any models that have been put on the table in the past, have been acceptable.
"What I want to see is a model that is accepted by the community and is accepted by the Government."
SOURCE: abcnews
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