Member briefing: Federal Budget 2022-23

October 27, 2022

On Tuesday 25 October, Treasurer Jim Chalmers handed down the Federal Budget 2022-23. It is the first budget to be delivered by the newly elected Albanese Labor Government, one that is being delivered at a time of high inflation, workforce shortages and soaring government debt.

In what the government widely billed as a ‘wellbeing budget’, this budget laid the foundation of the government’s intention to publish wellbeing measures in areas such as education levels, health standards and the state of the environment as a way to gauge the ‘wellbeing’ of the nation.

The VHA has prepared a member briefing which highlights the key policy announcements which relate to Victoria’s health, community health and aged care sectors.

Among these announcements were:

  • $235m funding (over 4 years) for Urgent Care Clinics designed to reduce pressure on hospital emergency departments (already being piloted in Victoria, with 50 sites established)
  • $750m (held in contingency) to strengthen the Medicare Fund (informed by recommendations of the Strengthening Medicare Taskforce)
  • $808m to extend the COVID-19 package for hospitals and emergency response until 31 December 2022
  • $2.5b (over 4 years) towards addressing the aged care crisis
  • $540.3m (over 4 years) towards implementing aged care reform
  • $787.1m (over 4 years) to facilitate a decrease to the general co-payment for treatments on the Pharmaceutical Benefits Scheme from $42.50 to $30 on 1 January 2023
  • $47.7m (over 4 years) to reinstate  a 50% loading for bulk-billed telehealth psychiatry consultations in eligible areas in regional and rural Australia
  • $143.3m (over 4 years) for regional and rural health workforce and primary care initiatives
  • $3.4m (over 4 years) to develop a National Health and Climate Strategy and establish a National Health Sustainability and Climate Unit.

 

Click here to download the briefing.