Australia secures $25B in new hospital funding over five years starting July 2026.

Australia's federal, state, and territory governments have agreed to a $25 billion increase in federal hospital funding over five years, beginning in July 2026, totaling more than $219 billion and tripling previous levels. Prime Minister Anthony Albanese announced the agreement, which exceeds the previous $23 billion proposal. The agreement, reached after months of negotiations, aims to address long-standing underfunding and increase access to public healthcare. Medical groups praised the funding as long overdue, but emphasized that long-term progress necessitates additional systemic reforms beyond financial investment.