Thanks for your post. Over Easter I am going to assess my exposure to this sector, whose risk profile is/has now changed.
If as you say the government grants do not keep up with costs, I am wondering how the government will fund any shortfall in the cost of rest home/hospital accommodation if the retirement companies can no longer afford any cross-subsidies and reduce their provision of care services. Whether that will be an unintended consequence of their recent changes and whether further “new” taxes will be needed.