By Victor Ferreira | August 20, 2015
Canadians provide the illusion of having free healthcare, yet the average family pays $12,000 per year. These costs have doubled in the past decade. The prices for healthcare insurance are rising faster than the average Canadian income, more costly than increases in food and shelter. They say that health insurance is “free” only because there is not a dedicated tax for it. It is funded by employment insurance, the Canadian pension plan, property taxes, sales taxes, and import duties. This grand total comes out to almost $4,000 per Canadian per year.
TORONTO — Canadians may like to believe they have access to free health care, but a new report squashes those illusions.
“Contrary to the way we find (health care insurance) is characterized, it isn’t free,” Bacchus Barua, co-author of the study said.
The think-tank found that health care insurance costs for all Canadians increased by 48.5 per cent to an estimated $8,205 from $5,527 in the last decade.
Health care insurance costs are also rising 1.6 times faster than the average Canadian income, the report says, leading Barua to have an issue with the system.
“When health care insurance is growing faster than income, it’s an indication you can’t sustain it,” Barua said.
The increase in health care costs are substantial when compared to the rising costs of food and shelter. The report finds that spending on shelter grew by 35.9 per cent and food costs grew by 18 per cent. Only the cost of clothing — a 64.1 per cent increase — grew at a higher rate.
Ferreira, Victor. “‘It’s not free’: Canadian health care insurance almost doubles in cost during last decade as average family pays $12K.” Health. National Post, 20 Aug 2015. Web. 30 Aug 2015.