Evaluate the economics of healthcare in Canada!
if you see u.s. healthcare as being better than canada’s, how can you make canada healthcare better?
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Health care in Canada is delivered through a publicly funded health care system, which is mostly free at the time of use and has most services provided by private entities. The governement does not participate in daily medical care or collect any information about the person’s health. Canada’s provincially based Medicare systems are cost effective because of their admnistrative simplicity. In each province all doctors take care of insurance claims against the provincial insurer. Private insurance is only a small part of the overall health care system. Advertising for health care is kept to a minimum, thus maximizing the percentage of revenue that goes toward care. Generally costs are paid through taxation, although three of Canada’s provinces also impose a fixed monthly premium which may be reduced or waived for those on a fixed income. There are no deductibles on basic health care and co-pays are very low or nonexsitent.
The amount Canadians spend on health care has increased yearly between 1975 and 2009 from $39.7 billion to $137.3 billion or more than doubling per capita spending from $1,715 to $4,089. Most of this increase in health care cots has been covered by public funds. The largest portion of this money goes to hospitals ($51b) followed by pharmaceuticals ($30b) and doctors ($26 b). Total spending in 2007 equaled to 10.1% of the gross domestic l product. which was below the 16% of GDP spent on health care in the United States. The portion spent on hospitals and doctors has declined between 1975-2009 while …
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