If there is one industry that could give the renewables or pharmaceutical rent seekers a run for their money it would have to be NDIS.
The idea that Private equity can treat people with disabilities as commodities is a joke. Why on earth would the government (Julia Gillard) privatise helping people with disabilities.
It’s a scheme that needs to be cleaned up so that genuinely disabled people get the help they need.
And I quote:
“From lingerie retail empires and chicken burger franchises to selling wheelchairs, mobility scooters and providing disability carers for those on the NDIS. This is where the smart money is, according to billionaires and millionaires looking for their next payday.
Private equity companies from Australia, the US and Europe are spending hundreds of millions of dollars buying up NDIS providers and services.
Many are currently operating at a loss as they are fattened up in preparation for sale.
But the $42 billion a year scheme which supports 650,000 Aussies can be very lucrative, with one public fund that also invests in the NDIS reporting more than 12 per cent in gains over the past 12 months.
The flood of cash into the NDIS has raised concerns among experts and workers that money supposed to pay for the care of some of Australia's most vulnerable will instead end up in the pockets of already wealthy investors.”
Quote from:
www.couriermai...
#auspol #australia #ndis #privateequity #commodity #disability
Негізгі бет People with disabilities shouldn't be seen as a commodity to be traded - Senate 24/27.6.24
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