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- To make healthcare affordable for all Australians
- To give all Australians access to healthcare services
- To provide high quality care
How is Medicare funded?
By the commonwealth government, through the Medicare levy, administrated alongside income tax
Explain how Medicare is funded
funded by the federal government through a medicare levy surcharge (1.5% of taxable income) Australian tax payers have to pay 1% surcharge with the levy if they don't have private health insurance
What is PBS?
the government subsidises the cost of medicine for most medical conditions, provides vital medication at affordable prices
Private health insurance
an extra health insurance/policy that individuals and families can purchase to cover health services not covered by Medicare
Incentives for private health insurance
30% rebate - under this scheme policy holders receive 30 per cent rebate on their premiums
medicare levy - people earning more than $100 000 a year pay an extra one per cent of their income as a Medicare surcharge if they don't have private health insurance
Lifetime cover - people who take up private health insurance after the age of 30 pay an extra two per cent on their premiums for every year they are over the age of 30