Thursday, October 21, 2021

Many Canadians not aware of true cost of health care: report

The typical Canadian family of two parents and two children projected to pay $15,039 for public health care in 2021

Many Canadians do not know the true value of the country’s public health system, a new report says, adding that health care in Canada is not “free” but is paid for through the tax system.

This knowledge gap is partly because Canadians don’t see bills for the medical services they use, and partly because there’s no easy way for them to figure out whether they fund the system through taxes. How much do you pay to give? Fraser Institute Report.

Bacchus Barua, director of health policy studies at the institute and co-author of “The Price,” said Canadians pay a substantial amount for health care through a variety of taxes – even if we pay for medical services directly. Don’t pay.” Public Health Care Insurance, 2021″ in a press release.

The study estimates that a typical Canadian family of two parents and two children will pay $15,039 for public health care in 2021, with a median household income of $150,177. Couples with no children will pay approximately $13,533, while single parents with one child will pay an estimated $3,909. Individuals must pay $4,296 to finance the system.

The report said that left on their own, most Canadians would find it difficult to accurately trace the amount they pay to the government each year because health care insurance is funded through “general government revenue rather than a dedicated tax”. being financed from.

According to the authors, sources of government revenue that can contribute to health care funding include income taxes, employment insurance, Canada Pension Plan premiums, property taxes, profit taxes, sales taxes, import duties and taxes on alcohol and tobacco. .

“Some Canadians may assume that in the provinces that assess them, employer health taxes and contributions cover health care costs,” the study said. “The reality is that these premiums cover only a fraction of the cost of health care and are paid in the general revenue from which health care is funded.”

Those who bear the brunt of the tax burden are the top 10 percent of income earners who are projected to pay $41,916 for public health care in 2021. Those with an average income of $75,300 would pay $6,521, while those with the lowest income would pay an average of $726.

The study also found that from 1997 to 2021, the cost of health care insurance for the average Canadian family increased by 177.6 percent, 1.6 times the median income from 109.9 percent over the same period. Plus, it grew 3.4 times faster than the cost of clothing, 2.2 times the cost of food, and 1.7 times faster than the cost of shelter.

Barua said showing taxpayers how much they pay for health care and how the amount has grown over time will help them “assess the value and performance of the health care system, and whether it is economically viable.” is sustainable.”

“When people talk about ‘free’ health care in Canada, they are completely ignoring the substantial taxpayer-funded cost of the system,” the study concluded.

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This News Originally From – The Epoch Times

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