Flash Posted June 1, 2010 Report Share Posted June 1, 2010 "There's got to be some change to the status quo whether it happens in three years or 10 years," said Derek Burleton, senior economist at Toronto-Dominion Bank. "We can't continually see health spending growing above and beyond the growth rate in the economy because, at some point, it means crowding out of all the other government services. "At some stage we're going to hit a breaking point." MIRROR IMAGE DEBATE In some ways the Canadian debate is the mirror image of discussions going on in the United States. Canada, fretting over budget strains, wants to prune its system, while the United States, worrying about an army of uninsured, aims to create a state-backed safety net. Healthcare in Canada is delivered through a publicly funded system, which covers all "medically necessary" hospital and physician care and curbs the role of private medicine. It ate up about 40 percent of provincial budgets, or some C$183 billion ($174 billion) last year. Spending has been rising 6 percent a year under a deal that added C$41.3 billion of federal funding over 10 years. Yahoo So what do those of you guys in Canada think of this situation? Quote Link to comment Share on other sites More sharing options...
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