This report provides a critical evaluation of Australia's healthcare financing policy, examining its formulation and implementation processes. It identifies key stakeholders, their interests, and influence, while also assessing the evidence used in prioritizing healthcare issues. The report analyzes the policy type, instruments, and initiatives adopted, evaluating the implementation planning process against relevant frameworks. Furthermore, it assesses the policy's impact on intended objectives, drawing on evaluation findings and comparative evidence. The analysis identifies policy strengths and weaknesses, providing insights for future policy iterations, and it highlights the roles of Medicare, general taxation, and health insurance plans in funding the Australian healthcare system. The report concludes by discussing the challenges faced and the need for continuous improvement in healthcare financing to ensure equitable access and quality services.