A report from the Tax Justice Network – an advocacy group that researches tax minimisation, tax competition and tax havens – adds to concerns Australia’s aged-care system is riddled with unethical behaviour and failing many residents of nursing homes. This should alarm not only the victims and their families and friends, but all of us. Medical advances and lifestyle changes are prolonging life; more and more of us will die in an aged-care facility.
While the federal government provides much of the funding, the residences are run by publicly listed companies, private businesses, community organisations and health insurers. That makes sense – public bureaucracies are generally less efficient than private-sector operations. But unless private providers are properly regulated to prevent unfair competition and the financial gouging of clients, people’s wellbeing can be sacrificed in the pursuit of excessive profit.Read more