New data shows half of Australian nursing homes are running at a loss

Labor's aged-care taskforce is concerned time could be running out to implement financial reform. They say changes to laws which could see wealthier older Australians make larger co-contributions to typical aged care costs are being delayed due to slow negotiations between both sides of politics. The warning comes as new data reveals half the nation's nursing homes are running at a loss. Aged-care providers say the greater financial certainty would encourage more homes to be built.