The federal government will partially fund its National Disability Insurance Scheme through a 0.5 percentage point increase to the medicare levy, The Australian Financial Review reports.
According to the newspaper, the increase will raise $3.2 billion per year, which is roughly 40 per cent of the estimated $8 billion of extra funding required annually to fund the NDIS.
It is understood the prime minister may make the announcement as early as today during an address in Melbourne.
The AFR reports the government considered a range of funding options including a separate NDIS levy and an incremental increase to marginal income tax rates, before settling on a lift to Medicare levy.
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