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The National Disability Insurance Scheme (NDIS) presently costs around $42 billion and has a higher annual operating cost than aged care ($36 billion), Medicare ($32 billion), federal hospital financing ($30 billion), and medicines ($20 billion).
The NDIS is also growing at a rate of almost 20% per year and has become one of the federal government’s greatest fiscal burdens.
According to the Parliamentary Budget Office, the NDIS could cost more than $100 billion within a decade, which is equivalent to the Aged Pension:
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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness.
Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.