Newspaper article The Canadian Press

Federal Government Should Invest $3.3B into Health Care for Seniors: Report

Newspaper article The Canadian Press

Federal Government Should Invest $3.3B into Health Care for Seniors: Report

Article excerpt

Feds can invest $3.3B for health care: report

--

TORONTO - A new report has put a price tag on aging in Canada.

The Conference Board of Canada study, commissioned by the Canadian Medical Association (CMA), says that it would cost the federal government $3.3 billion in the next year to implement three strategies to cope with the wave of aging baby boomers.

In the next five years, the price would jump to $17.5 billion as boomers put an ever-increasing strain on the Canadian health-care system.

"The reality (is) that it costs more to look after people who are aging," said Dr. Cindy Forbes, president of the CMA. "There are at least three items that are doable and will make a difference to Canadians in the next budget cycle."

The first strategy recommends giving provinces and territories additional money for health care based on the age of their populations.

That would require the federal government to boost funding to the Canada Health Transfer (CHT), the country's largest handover of cash from the federal government to provinces and territories. Money sent through the CHT must be used for publicly provided health care.

The money is currently provided solely based on population, which the report calls uncommon and impractical, because an elderly population has higher health-care costs.

According to a recent study in the journal PLOS One, the average cost for care in a patient's last year of life is $54,000.

The Conference Board report says countries like Belgium, Germany and Switzerland all top up their health-care transfers based on age.

Prime Minister Stephen Harper has said he'd renegotiate the terms of the CHT when it expires in 2017 so that increases would be tied to population and economic growth.

Liberal Leader Justin Trudeau said if elected, he'd negotiate the terms of an adjusted CHT with the provinces come 2017. Tom Mulcair, leader of the federal New Democrats, has said an NDP government would reverse Conservative cuts to provincial health transfers.

The second potential reform laid out in the report is coverage of the entire cost of medications for all households that are currently spending at least $1,500 per year, or three per cent of their annual income on drugs. …

Search by... Author
Show... All Results Primary Sources Peer-reviewed

Oops!

An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.