Managing Healthcare for an Aging Population: Are Demographics a Fiscal Iceberg for Newfoundland and Labrador?

13 Pages Posted: 18 Jan 2015

See all articles by Colin Busby

Colin Busby

C.D. Howe Institute

William B. P. Robson

C.D. Howe Institute

Aaron Jacobs

C.D. Howe Institute

Date Written: January 8, 2015

Abstract

Newfoundland and Labrador face a $65 billion fiscal burden – the future 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: Are Demographics a Fiscal Iceberg for Newfoundland and Labrador?,” authors William B.P. Robson, Colin Busby and Aaron Jacobs find that the province faces a liability related to demographically sensitive programs that is larger than the provincial GDP, raising the prospect of the province doubling the share of provincial income it collects as taxes.

Keywords: Social Policy, Health Policy, Healthcare, Seniors

JEL Classification: I18, H51

Suggested Citation

Busby, Colin and Robson, William B. P. and Jacobs, Aaron, Managing Healthcare for an Aging Population: Are Demographics a Fiscal Iceberg for Newfoundland and Labrador? (January 8, 2015). C.D. Howe Institute ebrief 200. Available at SSRN: https://ssrn.com/abstract=2551038 or http://dx.doi.org/10.2139/ssrn.2551038

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

Aaron Jacobs

C.D. Howe Institute

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

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