The changes, announced in this week’s Budget, will remove the age-based loading on private health insurance rebates from January 2027. “Yeah, we’ve done some modelling through our officials, and it’s indicated there’ll be a very marginal impact on private health insurance membership, which is growing all the time anyway,” Mr Butler told Sunrise. “We have to find more money for age care services. So every dollar we save through this measure will be invested in more age care beds, better care, more age care, home care packages,” he said. “This is a tricky and sneaky, and mean spirited, $11 billion tax on older Australians,” Ms Hume said.