This proposed National No Fault Insurance Scheme would cost a meagre amount when shared across the entire population. A "ball park" estimate of $40 per person per year would raise more than $100 million in Victoria alone, slashing waiting lists, strengthening families, and allowing countless thousands of family members to make other community contributions.
In all likelihood it would lead to a freeing of people to increased paid workforce participation. It would also encourage an increase in general skill levels. Carers must be a recognised element to respect indispensable contribution and their general wellbeing.
This then would benefit economic growth in two ways. First, by vastly increasing disposable income within the community and second, it would reduce the benefits overall that governments have to pay. That is, such a move will provide for an increase in taxes paid, an increase in national productivity, and will help to reduce a looming workforce crisis.
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In the 19th century we accepted that universal education defined our progress. In the 20th century we accepted that universal health care defined our progress. Now, in the opening years of the 21st century, let's accept that universal access to disability services defines our progress.
This paper seeks to to highlight the socioeconomic and community benefits of a National No Fault Insurance Scheme for people who experience catastrophic injury, in order is to cover the mounting costs of disability. This National No Fault Catastrophic Injury Scheme could be funded via a number of different sources, namely, a special supplement to the Medicare Levy, third party car insurance, private medical insurance and/or through workplace insurance.
Thanks for the assistance of Dr Bruce Wearne and Dr Bronwyn Morkham.
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About the Author
Peter Gibilisco was diagnosed with the progressive neurological condition called Friedreich's Ataxia, at age 14. The disability has made his life painful and challenging. He rocks the boat substantially in the formation of needed attributes to succeed in life. For example, he successfully completed a PhD at the University of Melbourne, this was achieved late into the disability's progression. However, he still performs research with the university, as an honorary fellow. Please read about his new book The Politics of Disability.