How is funding for Aged Care being spent? – SBS Indonesian

A new report suggests funding in aged care could eventually double in the coming decades because of an expected rise in the numbers of older people requiring residential services.

Funds - for staff and everything else - are a major problem of the crisis in elderly care.

More than 23 billion dollars of federal funds are provided for elderly care each year, with three-quarters of which is used for nursing home housing facilities.

But a new report from the Aging Research Collaborative at the University of Technology Sydney suggests that's not enough.

Report, commissioned and funded by the Association of Elderly Care Providers and Communities [ACCPA], concludes that the entire system declines under increasing demand and costs.

It is said that the number of Australians who are aging is increasing year by year, and at the same time, the number needing care services is also higher.

The report suggests a number of options for increasing the money flowing into elderly care, including a specific levy for the sector, which would work like the current Medicare levy.

But senior care providers say they are already under significant pressure.