A deal that will see some self-funded retirees and pensioners cough up more for their aged care has been sealed with the Coalition coming to an agreement with the Albanese Government. Aiming to slow the cost growth rate of aged care from 5.7% a year to 5.2%, it’s expected that $12.6 billion will be saved over 10 years. PM Anthony Albanese reckons the reforms are the “greatest improvement to aged care in 30 years”, and Coalition leader Peter Dutton said older Aussies will maintain their “dignity as they age”. And despite the increased cost to those entering the system – whether that be for residential care or assistance at home – the industry’s stakeholders also seem pleased… Older Persons Advocacy Network boss Craig Gear said the reforms have the potential to “create a financially sustainable aged care system for future generations.” Here’s how the new plan will work…