Will the Baby Boomers Bust the Health Budget Demographic Change and Health Care Financing Reform

By Robson, William B. P.

Book Id: WPLBN0000690996
Format Type: PDF eBook:
File Size: 0.3 MB
Reproduction Date: 2006

Title:	Will the Baby Boomers Bust the Health Budget Demographic Change and Health Care Financing Reform
Author:	Robson, William B. P.
Volume:
Language:	English
Subject:	Government Canada, Political science, Administration
Collections:	Government Library Collection, Canada Government Collection
Historic Publication Date:
Publisher:	C. D. Howe Institute


Citation APA MLA Chicago B. P. Robso, B. W. (n.d.). Will the Baby Boomers Bust the Health Budget Demographic Change and Health Care Financing Reform. Retrieved from https://self.gutenberg.org/

Description
Canada Government Publication:

Summary
Summary: Over the next 40 years, an aging population will put upward pressure on provincial health care budgets in Canada, pressure that will be felt unevenly across the country. To gauge the size of the demographic challenges, this study combines population projections with figures for public health care spending by age group. With assumptions about output, servicing intensity, and prices, this exercise allows health care budgets to be projected relative to provincial gross domestic products (GDPs) and government revenues. In present value terms, the projections show increases from current levels ? implicit health care liabilities comparable to more familiar figures for public sector debt ? that amount to $530 billion, more than 50 percent of Canada?s present GDP. For several provinces and territories, the liability exceeds 60 percent of current GDP, a sign of prodigious fiscal pressure in the coming decades.