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.
Sizing Up the Challenge: Meeting the Demand for Long-Term Care in Canada
Sizing Up the Challenge: Meeting the Demand for Long-Term Care in Canada
Economic Insights
Health and Medicare
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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.
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