Accounting for both major parties will reach $ 60 billion ($ 42.7 billion) annually by 2030, and Medicare tax to manage the surge in costs of Australia’s National Disability Insurance System (NDIS), which raises the universal insurance budget. Excluded raising. Healthcare Program Medicare.
At the Finance Ministers’ debate on May 4, incumbent coalition accountant Josh Frydenberg and his counterpart, Labor Party Jim Charmers, vowed to continue to support the program, but at a high cost. Was admitted.
Current treasurers said NDIS accounts for about 1.2% of the economy and will rise to 1.5% of GDP over the next few years.
“We need to continue to fund this scheme, and even if it becomes more expensive, we will continue to provide those services,” he said.
NDIS is a government-funded and ambitious program aimed at funding the needs of people with disabilities in the country.
Labor opposition said NDIS should be seen as a “job creation, prosperity creation” initiative and excluded taxation.
“The cost is considerable and we don’t dispute it, but so are the individual people being cared for and the benefits for the economy more broadly,” he said.
The plan, when established under former Labor Prime Minister Julia Gillard in 2013, was to be funded by a 50-50 joint contribution from the state and federal governments. However, the financial burden has been transferred to the Commonwealth for many years.
In 2014, Gilard sought to address the increasing costs of NDIS by increasing Medicare Levy (basically taxes) from 1.5% to 2% of an individual’s taxable income.
According to Taylor Fry’s actuarial report, NDIS currently supports 520,000 people, which is projected to reach 860,000 by 2030.
Initially, the program cost $ 22 billion annually, but can now reach $ 59 billion by 2029-30.
By 2024, the government estimates it will reach $ 33.3 billion ($ 23.73 billion) annually, surpassing the Federal Education Budget and Universal Health Program Medicare ($ 31.4 billion in 2022-23).
Several design flaws have surged in the program, including unlimited grants, an increase in participants in a variety of conditions (especially autism), and an unlimited number of types of support that individuals can claim, including sex worker services. Contributes to the cost of Or pay the caregiver to mow the lawn.
Terry Burns, a former senior adviser to the two federal health ministers under coalition Prime Minister John Howard, warned that it would be impossible for the federal government to “give all wishes” for health funding.
“It’s always’one billion here, you can spend a billion there, or you can do this, you can do it,’ he told The Epoch Times earlier.” It’s us. I’m not really looking at the whole health care. We aren’t looking at it overall. “
“In reality, people need to make it worthwhile to put their money into private citizenship,” he said. “But I think it has been undermined by successive governments for most of the decade to fifteen years.”
“There is this general ideological spirit that every dollar spent on private health is one dollar not spent on public health,” he said.
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Daniel Y. Teng is based in Sydney. He focuses on national politics, including federal politics, COVID-19 response, and relations between Australia and China. Do you have a hint? Contact him at [email protected]