In the news today: Canada’s health-care spending to reach $372 billion in 2024
Here is a roundup of stories from The Canadian Press designed to bring you up to speed…
Health-care spending expected to outpace economy and reach $372 billion in 2024: CIHI
The Canadian Institute for Health Information says health-care spending in the country is projected to reach a new high in 2024. The annual report released Thursday says total health spending this year is expected to hit $372 billion, or $9,054 per Canadian. CIHI’s national analysis predicts expenditures will rise by 5.7 per cent in 2024, compared to 4.5 per cent last year, and 1.7 per cent in 2022. This year’s health spending is estimated to represent 12.4 per cent of Canada’s gross domestic product. The report notes that the Canadian dental and pharmacare plans could push health-care spending even further as more people who previously couldn’t afford these services start using them.
Legions struggle with high costs, aging buildings