Answer Happy

Your presentation should cover the following aspects:
a) The impact of Labor’s proposed aged care package on the
demand of aged care services:
(i)
changes in demand;
(ii)
changes in quantities demanded, in the short-run, and in the long
run, respectively.
b) The impact of Labor’s proposed aged care package on the
supply of aged care services:
(i)
changes in supply; and
(ii) changes in
quantities supplied, in the short-run and in the long-run,
respectively.
c) The impact of the proposed aged care reform on employment in
the aged care sector and flow-on effects on other sectors (be
specific on these sectors) based on your analysis in a) and b).
d) The “winners” and the “losers” in the aged care reform as
recommended by the Royal Commission, from the perspective of
business activities, in view of your analysis in a), b) and c). e)
Specify ALL your assumptions and their limitations where
appropriate.
2000 Word Response
Use the aged care package shown below:
- Every aged care facility is required to have a registered,
qualified nurse on site, 24 hours a day, 7 days a week.
- Every Australian living in aged care gets at least 215 minutes
of care per day.
- Better food for aged care residents
- Accountability: more powers for the Aged Care Safety
Commissioner and a requirement for aged care providers to report
publicly what they are spending money on.” Support for the aged
care workers’ pay case in the Fair Work Commission, and a
commitment to fund the outcome. (Note: The previous Coalition
government declined to support aged care workers’ case of a 25% pay
rise referred to by the Labor Party.)