Economic and financial themes in Australian aged care: regulatory restraint and its consequences Online publication date: Sat, 24-May-2008
by Warren P. Hogan
International Journal of Behavioural and Healthcare Research (IJBHR), Vol. 1, No. 1, 2008
Abstract: This contribution reflects the results of work for a review of aged care policies and services in Australia. Initial material covers the policy arrangements in place prior to the inauguration of the Aged Care Review in September 2002. The main feature of the contribution is a survey of the economic and financial performance of aged care entities not hitherto attempted. Most attention is directed to labour costs in relation to total costs and earnings before interest and taxes. Cross-section analyses are based on institutional differences between providers of services. Locational differences are also examined. The results show great disparities between providers of aged care services. The regulatory restraints imposed through a centrally-planned administrative system are comprehensive in their impact and for their contradictions. There are implications for development of new approaches to policy.
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