News of the Day ... In Perspective10/16/2006
Public health insurance in Canada financially unsustainable
According to a Fraser Institute study, provincial government spending on health care will consume more than half of Canada’s total revenue from all sources by 2020, and all revenue by 2050 in six out of 10 provinces, if current trends continue.
Manitoba and Saskatchewan are projected to consume half of all revenues as early as 2016; Alberta by 2017; British Columbia and Prince Edward Island by 2019; and Ontario by 2020.
In order to slow the growth in public health spending, while maintaining accessibility and quality of medical care, the study’s authors suggest: