For the past fifteen years, increases in health care spending have outpaced the growth of the Canadian economy. As a result, this spending takes up an increasing share of government budgets. The share of provincial and territorial program spending taken up by health care expenditures reached 37.7% in 2010. Not all sources of increased spending should be viewed as problems, of course. New medical technologies, for instance, even if sometimes quite expensive, can provide valuable services, and perhaps reduce other costs. For example, they might replace surgical treatments or reduce the number of hospital visits, thereby leading to a decrease in total health care spending.
Links of interest
|Surmonter les obstacles à l’entrepreneuriat en santé (www.iedm.org, December 12, 2011)
Health monopoly shuts out entrepreneurs (National Post, November 25, 2011)