Canada’s Health Care System heading for “Demographic Blowout” with Aging Population: Study

“A new study has revealed that the Canadian government will spend $171.9-billion this year on health care, or $5,170 per person. At this rate “health care spending is expected to grow faster than Canada’s economy, outpacing inflation and population growth,” according to Glenda Yeates, President and CEO of the Canadian Institute for Health Information (CIHI), which released the study yesterday.

Demographers have warned that the aging and slow growth of the Canadian population is a direct threat to the long-term prognosis of its raft of expensive, publicly funded social services, including its health care system.”

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