Thats all well said and hard not to agree with. I’m not saying the govt has fixed the underfunding but am saying it’s taking it seriously and has just given a really meaningful correction.
I do acknowledge my expectations seem “too good to be true” but the facts and history are there. Also Craigs believe there is something significant about this too in their ARV write up.
For me the idea of govt paying the absolute mimuum to keep the doors open is logical and expected. That they have cut operator returns to zero is too far and “allowing” profits (increasing funding”)of 4% just might stop too many closures…hardly unreasonable and certainly not generous , also not too expensive to do. Ferg and I used to discuss this concept privately quite a bit, it is one of the many areas of his expertise.
The % of profit for FY24 as per my chart at the top of the previous page, post 16661 has to be somewhere . I’ve guessed 4%.
Given the sharp reduction 2 months ago of the disparity between minimum wage and rest home weekly rates, what number do you think is more appropriate Ronaldson? I value your posts and opinion as top notch so welcome your guess and others too if anyone want to put forward a considered value.I’m being genuine , this is not sarcasm.
It might seem nit picky to disagree over a few percent here or there but even 1% means a $2m difference to the bottom line.
I guess why this event has got me so excited, the smallest change causes a material change to OCAs profits .