NZIER: dangers of government underfunding for aged care

NZIER: dangers of government underfunding for aged care
Aged Care Matters convenor Norah Barlow said funding is an urgent issue. (Photo: supplied)
Jenny Ruth
Government underfunding of aged residential care (ARC) is risking the number of aged care beds plateauing or even declining at a time when demand for such care is rising.That’s according to a report by the New Zealand Institute of Economic Research (NZIER) commissioned by lobby group Aged Care Matters.“Under the current model, there is little incentive for existing facilities to increase investment in new beds or facilities,” NZIER said.“This raises the risk that the number of beds available will plateau or even start to...

More Finance

Wisdom from Milford’s ‘oldest’ fund manager
Finance

Wisdom from Milford’s ‘oldest’ fund manager

Stephen Johnston has been watching markets since 1997.

Gregor Thompson 09 Jan 2025
RBNZ issues first non-bank deposit-taker licence in nearly a decade
Finance

RBNZ issues first non-bank deposit-taker licence in nearly a decade

The Reserve Bank of New Zealand has issued a non-bank deposit taker licence to newly formed finance company Welcome.The last time the central bank issued a license was in 2017 to Christian Savings, which was previously licensed as Christian Savings Incorporated, according to the...

Staff reporters 08 Jan 2025
How tax rules discourage wealthy investor migrants
Finance

How tax rules discourage wealthy investor migrants

Covid refugees facing a four-year time limit on tax status are forcing the issue.

Pattrick Smellie 06 Jan 2025
M&A outlook: get set for big ticket IPOs
Finance

M&A outlook: get set for big ticket IPOs

Experts are picking a surge in mergers and acquisitions activity for 2025.