ZB

Underfunding of aged care sector could bite a lot of older New Zealanders

Author
Newstalk ZB,
Publish Date
Mon, 1 Aug 2022, 8:12am
Photo / 123RF
Photo / 123RF

Underfunding of aged care sector could bite a lot of older New Zealanders

Author
Newstalk ZB,
Publish Date
Mon, 1 Aug 2022, 8:12am

Our serial underfunding of the aged care sector could come back to bite a lot of older New Zealanders.

A new NZIER report has found that we often access finance for residential care by selling our homes, but with declining home ownership rates that pathway is looking less likely.

We also spend less government money compared to other OECD countries and haven't changed the funding model since the year 2000.

Arvida CEO and Aged Care Matters spokesperson Jeremy Nicolls joined Mike Hosking.

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