December 17, 2014
British Columbians carry a $384 billion fiscal burden – the future tax bill for increased healthcare costs over the next half-century – and should prepare now for the coming demographic squeeze, says a report released today from the C.D. Howe Institute. In “Healthcare and an Aging Population: Managing Slow-Growing Revenues and Rising Health Spending in British Columbia,” authors William B.P. Robson, Colin Busby and Aaron Jacobs recommend changes to protect young British Columbians from the burden they will otherwise bear as the tax base grows more slowly and healthcare costs rise.
