The Daily Outrage: Canada’s universal health care system faces cutbacks 

What: With growing deficits and a senior citizen population approaching 25 percent, Canada’s government is being forced to take tough measures to cut costs of its universal health care system. Ontario slashed payments to generic drug makers, British Columbia is lowering its hospital fees, and Quebec has a new flat health tax.

Ominous signs: Toronto banking economist Derek Burleton warned, “We can’t continually see health spending growing above and beyond the growth rate in the economy. At some point, it means crowding out of all the other government services.”

Lesson for U.S.: Health care costs ate up about 40 percent of provincial budgets last year and have been rising 6 percent a year. Ontario said health care could eat up 70 percent of its budget in 12 years if costs are left unchecked.

Pin It

Speaking of Opinion

© 2018 The San Francisco Examiner

Website powered by Foundation