The Aged Care Sector Committee has released its recommendations to the federal government to create a single aged care system covering home-care and residential care over the next five years.

The Committee, made up of aged care operators and consumer advocates, is in broad agreement on the recommendations but the government is yet to respond.

The Committee recommends deregulation of pricing – operators can charge what they like. Aged care recipients will receive the same government funding irrespective if they are at home or in an aged care facility.

The allocation of bed licenses under the current regime would cease within five years with the expectation that the supply of beds coming to the market would be uncapped within seven years. This has the potential of undermining local supplier monopolies.

A streamlined single set of core aged care standards would be introduced, loosening regulation for proven operators.

Check out the roadmap HERE.