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Home / Health Care / Fraser Institute News Release: Annual health-care costs for typical Canadian family eclipse $13,000 this year – GlobeNewswire

Fraser Institute News Release: Annual health-care costs for typical Canadian family eclipse $13,000 this year – GlobeNewswire

VANCOUVER, British Columbia, Aug. 08, 2019 (GLOBE NEWSWIRE) — A typical Canadian family of 4 (two mother and father, two youngsters) can pay $13,311 for public health-care insurance coverage in 2019, finds a brand new research launched right now by the Fraser Institute, an unbiased, non-partisan Canadian public coverage assume-tank.

“Despite misleading claims of Canada’s ‘free’ health-care system, Canadians actually pay a substantial amount of money for health care through a variety of taxes—even if they don’t pay directly for medical services,” stated Bacchus Barua, affiliate director of health coverage research on the Fraser Institute and co-writer of The Price of Public Health Care Insurance, 2019.

Most Canadians are unaware of the true value of health care as a result of they by no means see a invoice for medical providers, might solely pay a small health insurance coverage “premium” tax (in provinces that impose them), and since common authorities income—not a devoted tax—funds Canada’s public health-care system.

But utilizing knowledge from Statistics Canada and the Canadian Institute for Health Information, the research estimates that a typical Canadian family consisting of two mother and father and two youngsters with a mean family revenue of $140,049 can pay $13,311 for public health care this year. After adjusting for inflation, that’s a rise of 65.eight per cent since 1997, the primary year of calculable estimates.

For single Canadians, health-care costs greater than doubled over that very same interval—from $2,150 to (in 2019 dollars) to $four,544 this year.

Across the revenue spectrum, the quantity Canadian households pay for health care varies extensively. For instance, the 10 per cent of households with the bottom incomes (incomes $15,070 per family, on common) can pay $464 for health care in 2019, whereas households among the many prime 10 per cent of revenue earners (incomes a family revenue of $298,872, on common) can pay $39,486.

“Only when Canadians understand how much we pay for our public health-care system can we better decide whether or not we get good value for our money,” Barua stated.

MEDIA CONTACT:
Bacchus Barua, Associate Director, Health Policy Studies
Fraser Institute

To organize media interviews or for extra info, please contact:
Mark Hasiuk, 604-688-0221 ext. 517, mark.hasiuk@fraserinstitute.org

Follow the Fraser Institute on Twitter and Facebook

The Fraser Institute is an unbiased Canadian public coverage analysis and academic group with workplaces in Vancouver, Calgary, Toronto, and Montreal and ties to a worldwide community of assume-tanks in 87 nations. Its mission is to enhance the standard of life for Canadians, their households and future generations by learning, measuring and broadly speaking the consequences of presidency insurance policies, entrepreneurship and selection on their properly-being. To shield the Institute’s independence, it doesn’t settle for grants from governments or contracts for analysis. Visit www.fraserinstitute.org


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