January 16, 2015
New Brunswick faces a $68 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 “Managing the Costs of Healthcare for an Aging Population: The Fiscal Impact of New Brunswick’s Demographic Glacier,” authors William B.P. Robson, Colin Busby and Aaron Jacobs recommend changes to protect New Brunswick’s next generation from the burden they will otherwise bear as the tax base grows more slowly and healthcare costs rise.
