RNZ
The Aged Care Association is warning that plans to cut 200,000 hospital bed nights a year to save money could be disastrous for elderly people without the means to pay for private care.
Chief Executive Tracey Martin told Nine to Noon major corporate providers were already moving away from provision of rest home beds and adjusting their business models ahead of impending changes.
Fewer than 40 percent of retirees would have the financial resources to buy into a retirement village and get continuity of care, she said.