Here are some important updates from the recent Federal Budget 2024 that will directly improve Australia’s aged care quality. Here’s what you need to know:
Updates regarding Home Care Packages
- The government is investing $531.4 million to add 24,100 new Home Care Packages, reducing wait times to 6 months. This initiative is part of the rollout of the Single Assessment System, commencing on July 1, 2024.
- $88.4 million was allocated to expand the aged care workforce in rural areas, tackling critical shortages.
Aged care reform investments
- $111 million commitment to support ongoing aged care reforms, including strengthening the Aged Care Quality and Safety Commission. $1.4 billion for significant technology infrastructure upgrades.
- Launch of the new Support at Home Program.
- The new Aged Care Act is to commence on 1 July 2025.
Supporting older Australians post-hospitalisation
- A $1.2 billion funding package will upskill the residential aged care workforce, provide hospital outreach services in the community, virtual care services, and manage complex care needs outside of hospitals.
- Additionally, $190 million will assist older Australians in recovering post-hospitalisation through extended support via the Transition Care Programme.
Better medical services
- Over the next five years, $318 million will be invested to keep medicines cheaper, with up to a five-year freeze on the cost of PBS prescriptions for pensioners.
- Starting 1 August 2024, aged care residents will benefit from more consistent care through a new incentive program for GPs, which includes quarterly payments on top of Medicare rebates for managing MyMedicare registered residents.
Improved dementia care
- An investment of $101.4 million will focus on improving services and support for individuals living with complex care needs, including dementia.
Read more here.
