Australians forced to pay up to $3 million for aged care despite claims the sector is going broke

Herald Sun reports that Aged care homes have been blasted for “gouging as much money as humanly possible from the taxpayer and going after the assets of those people who are in their care”.

The paper highlights how vulnerable elderly people in Australia, and their relatives, are being charged up to $3 million to buy into nursing homes, while the industry claims to be going broke.

Jason Ward from the Centre for International Corporate Tax Accountability and Research said what’s really needed is much more visibility over where taxpayer and residents money goes.

“None of these companies, whether they’re for profit or not, would be investing more money in the sector if it was a losing game, right?”