Close X
Thursday, December 12, 2024
ADVT 
National

Health-care costs will rise significantly as population ages, says new report

Darpan News Desk The Canadian Press, 03 Dec, 2024 12:13 PM
  • Health-care costs will rise significantly as population ages, says new report

A new report says Canada needs to rethink its approach to health care to help manage rising costs as people age. 

CSA Group, an organization that helps policymakers develop standards around health and safety, says health care currentlycosts about $12,000 per year for each person 65 years and older, compared to $2,700 for each person younger than 65. 

Today's report says seniors make up about 18 per cent of Canada's population but account for about 45 per cent of health-care spending by provincial and territorial governments.

The group projects costs will continue to increase significantly, with seniors making up 22 per cent of the Canadian population by 2040.   

Jordann Thirgood, manager of CSA Group's public policy centre, says that will coincide with more retirees and therefore less income tax revenue to pay for health costs.

Thirgood says governments need to put more resources into illness prevention, including addressing factors such as housing, mental health and loneliness, which affect people's overall health as they age.  

"The Canadian health-care system is often described as a 'sickness treatment' or 'illness treatment' system, (where) our public health-care system is primarily focused on doctors and hospitals," she said in an interview Tuesday. 

That means "less focus on preventive care, wellness, and increasingly urgent needs in uninsured areas such as mental health," says the report, which is called Aging Canada 2040: Policy Implications of Demographic Change.

Thirgood said focusing on social determinants of health and addressing people's health needs over the course of their lives to help them age well is critical to reducing illness and the associated health-care costs.   

She said that can have a big impact on improving people's overall health as they age.  

”There's strong evidence that correlates social isolation and loneliness with serious health risk," Thirgood said. "Research shows that (it) is similar to or even exceeding risks such as smoking, obesity and physical inactivity."

Homelessness is another factor that puts people at higher risk of chronic illness, she said — and many seniors are affected.  

”We are increasingly seeing older adults that are unhoused as a result of increasing cost (and) financial insecurity," Thirgood said. 

"Given ... the context of the housing crisis, I think we can imagine that that's going to remain an urgent issue for the years to come.”

MORE National ARTICLES

Federal government posts $13B deficit in first half of the fiscal year

Federal government posts $13B deficit in first half of the fiscal year
The Finance Department says the federal deficit was $13 billion between April and September. That compares to an $8.2 billion deficit over the same period last year.

Federal government posts $13B deficit in first half of the fiscal year

GDP per capita falls for sixth straight quarter, economists split on rate cut size

GDP per capita falls for sixth straight quarter, economists split on rate cut size
The Canadian economy shrank on a per-person basis for a sixth consecutive quarter as higher interest rates continued to weigh on business investment. Statistics Canada’s gross domestic product report said the economy grew at an annualized rate of one per cent in the third quarter, down from 2.2 per cent in the second quarter.

GDP per capita falls for sixth straight quarter, economists split on rate cut size

Trudeau noncommittal on expanding rebate beyond 'working Canadians'

Trudeau noncommittal on expanding rebate beyond 'working Canadians'
Prime Minister Justin Trudeau does not appear willing to budge on his plan to send a $250 rebate to "hardworking Canadians," despite pressure from the opposition to give the money to seniors and people who are not able to work.

Trudeau noncommittal on expanding rebate beyond 'working Canadians'

Winter storm watch issued as snow, heavy rain expected for B.C. coast

Winter storm watch issued as snow, heavy rain expected for B.C. coast
The storm is expected to start tonight and persist until Sunday. More heavy snow is expected in the inland sections of the north coast — including Stewart, which has already received 40 to 55 cm of snow this week — with up to 40 cm more expected between Saturday night and Monday.

Winter storm watch issued as snow, heavy rain expected for B.C. coast

BC Ferries CEO floats prospect that fares may rise 30% or more in 2028

BC Ferries CEO floats prospect that fares may rise 30% or more in 2028
The CEO of BC Ferries is warning the company may need to increase fares by 30 per cent or more in 2028, when the current fare structure expires. Nicolas Jimenez says in a written statement the corporation had forecast last year that such a price rise would be needed to keep up with operating and capital costs, but costs since then have spiked, including a 40 per cent jump in shipbuilding expenses.

BC Ferries CEO floats prospect that fares may rise 30% or more in 2028

Canada Post temporarily laying off striking workers, union says

Canada Post temporarily laying off striking workers, union says
The union representing Canada Post workers says the Crown corporation has been laying off striking employees as the labour action by more than 55,000 workers approaches the two-week mark. In a notice to members posted Monday, the Canadian Union of Postal Workers called the layoffs a "scare tactic" and said it's looking into the situation.

Canada Post temporarily laying off striking workers, union says