British Columbians carry a $415 billion fiscal burden – the higher 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 Cost of Healthcare for an Aging Population: British Columbia Confronts its Glacier,” authors Colin Busby and William B.P. Robson recommend that BC move to selective prefunding of healthcare services and find cost savings and efficiencies by benchmarking against other provinces that get better bang for their bucks in some areas.
January 23, 2013