Quote:
Originally Posted by opendoor
It really hasn't, unless you're speaking only in nominal terms (which is useless given that inflation exists). 10 years ago total health care costs were about 10.6% of GDP in Canada, whereas now they're about 11%. So a very minor 3-4% increase in the face of a quickly aging population and the continuing fallout from COVID.
Whereas in that same time period places like Germany, Switzerland, the UK, New Zealand, etc. increased their health spending as a % of GDP by ~15% in response to their aging populations.
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Just came in to say this. The problem isn't bloated bureaucracy or inefficient spending, though those things may or may not exist to some extent. It's also not a singular disease like the opioid crisis, COVID, or even obesity, though they all do contribute to the problem.
The top 3 problems are demographics, demographics, and also demographics. We can offer more health interventions for more diseases than ever, which increase overall need, but the primary driver of both increased usage and decreased human resources is the same. It's a large and increasing number of old people. Full stop