The plans for a Medicare Levy increase to cover funding for the National Disability Insurance Scheme will be ditched by the Federal Government at this year’s Budget meeting.
The planned Medicare Levy increase from 2 percent to 2.5 percent, which was introduced at last year’s Budget and predicted to raise over 8 Billion dollars for the NDIS by July 2019, has now been deemed unnecessary by Treasurer Scott Morrison who said Government can find $8 billion elsewhere .
The levy increase would have seen an average wage earner on $75 000 a year, pay an extra $375 a year in tax for the funding.