Health spending in Canada forecast to hit $242 billion this year, says report - News Summed Up

Health spending in Canada forecast to hit $242 billion this year, says report


TORONTO — A boost in economic conditions across the country contributed to a slight uptick in health spending across Canada, according to a new report released Tuesday. In 2017, however, total health spending across Canada is forecast to rise to $242 billion and equal 11.5 per cent of Canada’s gross domestic product. Physician spending growth is forecast to increase 4.4 per cent in 2017 and spending on hospitals is estimated to rise by 2.9 per cent. On an international basis, the report found Canada’s health spending has historically been on par with several other comparable countries. At that time, Kuchciak said health care costs in the U.S. were nearly double those in Canada at $11,916.


Source: National Post November 07, 2017 09:00 UTC



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