Healthcare for an Aging Population: Prince Edward Island's $14 Billion Healthcare Glacier

11 Pages Posted: 4 Jul 2013

Date Written: February 27, 2013

Abstract

“In 2007–2008, comparable health care expenditures stood at $425 Million. Since then, these costs have grown 7 per cent annually… [S]tatus quo growth of 7 percent per year in health care spending is simply not an option. The more we spend on health, the less we are able to address the other needs of Islanders. This fiscal pressure must and will be addressed.” 2012 Prince Edward Island Budget Address (p. 8-9).

Prince Edward Islanders carry a $14 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 Healthcare for an Aging Population: Prince Edward Island’s $14 Billion Healthcare Glacier,” authors Colin Busby and William B.P. Robson recommend that the province prefund selected healthcare services and benchmark against other provinces to get better health bang for their tax bucks.

Keywords: Healthcare, Social Policy, Health Policy, Aging Population, Prince Edward Island

JEL Classification: I10, I18, H51

Suggested Citation

Busby, Colin and Robson, William B. P., Healthcare for an Aging Population: Prince Edward Island's $14 Billion Healthcare Glacier (February 27, 2013). C.D. Howe Institute e-brief 152. Available at SSRN: https://ssrn.com/abstract=2286867 or http://dx.doi.org/10.2139/ssrn.2286867

Colin Busby

C.D. Howe Institute ( email )

67 Yonge St., Suite 300
Toronto, Ontario M5E 1J8
Canada

William B. P. Robson (Contact Author)

C.D. Howe Institute ( email )

67 Yonge Street
Suite 300
Toronto, Ontario M5E 1J8
Canada
416-865-1904 (Phone)
416-865-1866 (Fax)

HOME PAGE: http://www.cdhowe.org

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