Canada's Spending on Health Care to Reach $148 Billion This Year
Posted on: Tuesday, 5 December 2006, 12:00 CST
OTTAWA (CP) - The Canadian Institute for Health Information says Canadians will spend $148 billion on health care this year, more than $4,500 per person.
The statistics agency says 2006 health spending is expected to exceed inflation and population growth for the 10th straight year. The trend to increased funding began after deep cuts in the 1990s precipitated a crisis throughout the health system.
Drugs continue to grow as a proportion of health spending, taking a share that is second only to hospitals, and larger than physicians' pay.
The ratio of public-to-private spending has remained stable over the past decade at 70 per cent to 30 per cent.
Canada's per-person health spending is only half that of the United States.
Source: Canadian Press
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