Health Care Cost Drivers in Canada: Pre-and Post-COVID-19

The Conference Board of Canada, 49 pages, October 30, 2020
Impact Paper by ,
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This impact paper identifies the contribution that various health care cost drivers, including COVID-19, have on projections for health care expenditures in Canada.

Document Highlights

  • Projections conducted prior to COVID-19 suggest that health care expenditures would increase steadily over the next 10 years. Based on the level of new expenditures already incurred by governments, COVID-19 represents a significant new cost driver that will further impact health care spending, particularly over the short to medium terms.
  • This impact paper examines three scenarios to determine the scope and magnitude of additional health care spending associated with the pandemic. The scenarios suggest the additional health costs will range from $20.1 billion to $26.9 billion in 2020–21 and between $15.7 billion and $21.9 billion in 2021–22. By 2030–31, the pandemic will result in an additional $80 billion to $161 billion in health care expenditures and contribute to overall health care spending increasing at an average annual rate of between 5.5 and 5.7 per cent, depending on the scenario.

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