Aged Care Complexity: Changes to the residential aged care system, in particular the treatment of the family home in the calculation of a person’s assets, has created unnecessary complexity and confusion for those entering the system. The laws must be revisited.
Preventative Health: Governments must spend preventative health budgets efficiently, with an emphasis on evidence-based programs that focus on a person’s activity, rather than population-based programs. And individuals should be incentivised to look after their general health to lessen the chances they end up in acute care.
Quality of Care in Health: The health system falls well short on safety and quality of care, and delivering improved outcomes will allow health spending to stretch much further than currently. Preventable events in hospitals are just one example.
Patient-centred Care (and funding): The health care system’s funding model should be redirected to put the patient, rather than the provider, at the centre. For instance, government funding to health care facilities should be based on outcomes, not activity.
Future of Financial Advice Reforms: Financial advice should always have the best interest of the client at its core, but providers should be able to deliver their professional services without unnecessary red tape.
Changes to Compulsory Superannuation: Australians will only reach a sustainable level of retirement savings if the rate of compulsory superannuation provided by employers is increased over time to 18 per cent, and a substantial proportion of eligible superannuation is payable to recipients in the form of an annuity.