Opened the debate
Smith argued that the government had been forced to abandon its plan to cap allied health services for veterans at $5,000 due to cross-bench pressure. Smith predicted that the proposed removal of the private health insurance rebate for people over 65 would be the next major policy failure. Smith claimed this change would hurt 1.3 million pensioners and increase pressure on public hospital waiting lists. Smith characterised the government's economic management as unreliable and cited criticism from former Labor figures regarding the Treasurer's performance.