Canadian provinces typically devote approximately 7.7 per cent of their GDP to health expenditures—a figure that some say could climb to around 10 per cent by 2030. However, we are not doing enough to prepare ourselves for the type of high acuity and cognitively impaired patients who will soon need long-term care, and which require different set of investments, capital stock, and health human resources than we currently deploy.
Currently, expenditure growth on public health care appears to be slowing, though it is unclear whether this slowdown is the result of the provinces’ success in sustainably bending the cost curve, or a result of short-term cost-cutting in response to reduced economic growth and federal health transfers. So where can we start? And what can be done to address this issue before it becomes a major crisis?
Free Book for all Participants!
Each registration includes a complimentary copy of Dr. Marchildon’s book, Bending the Cost Curve in Health Care: Canada’s Provinces in International Perspective.