Managing the Cost of Healthcare for an Aging Population: Nova Scotia's Healthcare Glacier
11 Pages Posted: 4 Jul 2013
Date Written: February 13, 2013
“Health, as we all know, is by far the biggest part of the budget. And for years it has also been the fastest growing…. This government has reduced healthcare administration costs to below the national average, and has cut the rate of growth of health spending. That is no small feat….” 2012 Nova Scotia Budget Speech (Nova Scotia, p. 11).
Nova Scotians carry a $99 billion fiscal burden – the higher tax bill for increased healthcare costs over the next half-century – and should prepare now for the coming demographic squeeze, says a report released today from the C.D. Howe Institute. In “Managing the Cost of Healthcare for an Aging Population: Nova Scotia’s Healthcare Glacier,” authors Colin Busby and William B.P. Robson recommend that Nova Scotia prefund selected healthcare services and benchmark against other provinces to get better health bang for their tax bucks, particularly with regard to its high spending on drugs, and nursing and residential care.
Keywords: Healthcare, Social Policy, Health Policy, Aging Population, Nova Scotia
JEL Classification: I10, I18, H51
Suggested Citation: Suggested Citation