The proposal has four components.

Component 1: The Commonwealth Government would fund an increased share of the annual growth in the efficient cost of activity-based and block-funded hospital services over the period 2020-21 to 2024-25.

• The share of growth funded by the Commonwealth would gradually increase from the baseline level of 45 per cent to 50 per cent by 2024-25 with the cost of this graduated increase to be $1 billion over the period 2020-21 to 2024-25.

Funding from 2025-26 onwards would be determined in the negotiations of the next National Health Reform Agreement.

Component 2: $1,000 million would be provided for new capital projects for hospitals and other health facilities over five years from 2019-20. Of this funding, $50 million would be committed to the proposal to build the new Nepean Hospital Comprehensive Cancer Care Centre in 2024-25.

Component 3: $250 million over five years would be provided to reduce the size of elective surgery waiting lists in public hospitals.

Component 4: $517.7 million over five years would be provided for projects related to delivering better hospital services.

Components 1 and 4 would commence 1 July 2020 and Components 2 and 3 would commence on 1 July 2019.