By Quinn Patrick, True North Wire - September 2, 2024
Canada’s healthcare system is poised to be strained even further in the coming years as the country’s baby boomer demographic continues to age, provincial governments are headed for a dire financial crisis ahead.
The C.D. Howe Institute, a top Canadian think tank, published a report called Another Day Older and Deeper in Debt: Fiscal Implications of Demographic Change for Canadian Governments on Thursday with a stark outlook for the country’s healthcare infrastructure.
The report estimates a coming financial shortfall of $2 trillion for Canada’s healthcare system, which has been struggling for some time now.
“The fiscal impact of demographic change – in particular, the costs of providing publicly funded healthcare to an aging population that will financially stress Canadian governments – is sometimes compared to a glacier,” reads the report.
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