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Budget 2020-21: Record health and aged care investment under Australia’s COVID-19 pandemic plan - P4H Network

Budget 2020-21: Record health and aged care investment under Australia’s COVID-19 pandemic plan

The (Australian) Government is delivering a record $115.5 billion in 2020–21 and $467 billion over the forward estimates to deliver the essential health services Australians need under the Long Term National Health Plan.

(The) Government has committed more than $16 billion to the emergency health response to the pandemic. Aged care is a particular focus. Since the pandemic began, (they) have invested more than $1.6 billion to protect senior Australians and workers in aged care, and support providers.

At the same time, this year’s Budget… guarantees Medicare, delivers a Pharmaceutical Benefits Scheme (PBS) New Medicines Funding Guarantee, invests in mental health and backs medical research.

he Government’s record investment in health includes:

  • A record four-year investment of $467 billion, up $32 billion over last year’s Budget
  • A record $115.5 billion in health investment in 2020–21, up $11.5 billion on last year’s Budget
    • More than $16 billion for the pandemic health response
  • Medicare investment of $119.3 billion over the forward estimates, up $6 billion
    • $2.4 billion total investment in telehealth

and many more…

Click here to know more about Australia’s healthcare expenditure this year.

Image Credits: Getty Images

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Reference
06 Oct 2020