HSCI 305 Chapter Notes - Chapter week 10: Fiscal Sustainability, Monopsony, Dementia
24 Jan 2018
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Document Summary
"system is unsustainable" - public funding and administration as part of the problem, rather than the solution. "canadians can accept less-comprehensive public health insurance, with more services being paid for. Which costs are rising and by how much. The aging population is to be blame for uncontrollable healthcare costs. Fact: the % of canadians 65+ is increasing as the baby-boomer reaches retirement age. Fact: older adults need more medical services than younger people. Healthcare costs don"t inflate uncontrollably just because there are more seniors. 2002: 65+ ~ ,208; 65- ~ ,428 (adjusted) 80+ cost more than 3 times than 65-69. The impact will be modest in comparison to that of other cost drivers (inflation and technological innovation) Economic models suggest that growth in healthcare costs due to population aging will be about 1% per year between 2010 and 2036 (may be rosy) More money would put an end to emergency room crunches.
