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AAP
AAP
Adrian Black

FORGOTTEN HISTORY: Dire warning aged care costs are a ticking time bomb - The Untold Story

A major player in the aged-care sector warns the road ahead looks bleak without more investment. (Dave Hunt/AAP PHOTOS)

Australians face burgeoning costs to cover the needs of caring for the elderly unless the nation significantly boosts investment in the sector, the chair of a major aged-care company says.

"I believe we're fast heading into a community crisis unlike anything Australia has seen before," Regis Healthcare chair Graham Hodge told shareholders at the company's annual meeting.

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