Sizing Up the Challenge: Meeting the Demand for Long-Term Care in Canada

The Conference Board of Canada, 44 pages, November 27, 2017
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Canada’s population is aging and will have greater health care needs. This report examines the need for new long-term care beds up to 2035; estimates the costs of these beds; and calculates their economic impact.

Document Highlights

Canada’s population is aging and thus health care needs will rise. This report examines the need for long-term care beds over the next two decades (to 2035):

  • Canada will require an additional 199,000 long-term care beds.
  • Capital spending on these new beds will be $64 billion with operating expenses (to 2035) totalling $130 billion.
  • However, these expenditures will have a positive effect on the economy, contributing a total of $235 billion to real GDP and accounting for 123,000 jobs each year.
  • In the cost-benefit analysis, the benefits of the new beds are greater than the costs, even without considering the improved health outcomes.

Table of Contents

EXECUTIVE SUMMARY

Chapter 1–Introduction

Chapter 2–Forecasting the Demand for Long-Term Care

  • Current Demand
  • Projecting Demand Into the Future

Chapter 3–Costs

  • Capital Costs
  • Operating Costs

Chapter 4–Economic Impacts

  • Capital Investment Impact
  • Operating Cost Impact

Chapter 5–Cost-Benefit Analyses

  • Cost-Benefit Analysis: Naïve (Maximum-Benefit)Scenario
  • Cost-Benefit Analysis: Low-Benefit Scenario

Chapter 6–Conclusion

Appendix A–Shock Results

Appendix B–Bibliography

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