September 23, 2017
Aged care issues
My FB post.
THE UNDERBELLY OF AUSTRALIA: SEVERE MARKET FAILURE IN AGED CARE
I wasn’t aware of how badly run the aged care sector is in Australia. There is moral hazard at its most acute. And zero accountability.
The Age has published two articles today on this issue, including: http://www.theage.com.au/national/jyls-journey-to-aged-care-i-feel-like-part-of-me-is-lost-20170921-gymj83.html
Middle aged children who do not have the time (or capacity) to look after their parents send them to aged care homes. But these “homes” are run by extremely immoral owners whose goal is simple: rip off (a) whatever savings the family had accumulated, and (b) taxpayers. And provide zero care.
ADDENDUM
