Healthcare in Canada
A good number of countries find the cost of healthcare to be quite a challenge. You will realize that public healthcare seems to fall deep into the GDP. You will realize that the cost of running public healthcare is estimated to be 228 billion Canadian dollars. This is about twelve percent of Canada’s GDP. You will note that the median cost to fund everyone’s healthcare stood at about 5789 dollars. This is quite higher than that of the UK and that of Australia. However, you will note that this is about half of what America spends on the same.
You will learn that the costs of healthcare will every so often be on the rise. Researchers at the Fraser Institute have actually taken a close look at the costs of health in the past few years. From the studies, the healthcare costs in Canada have consistently risen. In fact, you will note that this cost has risen by about 173% in the last two decades. Such rising costs are quite unsustainable. This is without a doubt bad news for the people in Canada. The demographic shift as well as past reviews show that the healthcare of the older ones in society will often be over five times that of the average cost of the younger patients. This is due to the fact that people tend to get weaker as they grow older. An aging population will only result in extra pressure on the government to take care of their healthcare costs.
You will learn that many people assume that healthcare is public and is catered for by the government. They are of the view that the model is much better than the one embraced in the US. You will learn that public spending caters for about 70% of the healthcare costs. The remainder will then have to be paid for by the patient himself. The government is purposing to ensure that any pending issue is fully resolved. With the developing demographics, it will be quite challenging for the government to provide free medical healthcare. You will witness that they are hardly efficiently run. They also feature long waiting lists of operation.
While there might be a national health system, there is still room for separate health insurance policies. You will have more options at your disposal with an insurance plan. It is imperative to indicate that it is often hard to make a good choice of a Canadian insurance. You will need to read this guide for clearer understanding. It is only when you are informed enough that you will be able to make a wiser decision.