The Productivity Commission has released its research report, Economic Implications of an Ageing Australia .
The study examines the productivity, labour supply and fiscal implications of likely demographic trends over the next 40 years, to further improve understanding of the challenges and opportunities resulting from an ageing Australia.
The report starts off with the key premise:
Australia faces a pronounced ageing of its population over the next forty years. One quarter of Australians will be aged 65 years or more by 2044–45, roughly double the present proportion. The proportion of the ‘oldest old’ will increase even more.
Will health care costs be the target for government?
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