All over Canada, healthcare is underfunded. But the problems in Newfoundland and Labrador are particularly dire. That’s because its population is ageing faster than in the rest of Canada. By 2042, the average age in Newfoundland will be 65. And that means far higher health care costs for the province.
According to the Newfoundland government, health care costs rise dramatically after age 65. Costs increase 34.6% over the prior 5 year average per patient per year of people between age 65-70; 40% between 75 and 80; 62% over the age of 85. Unless Newfoundland’s current debt load is addressed, when half of its population are senior citizens, it will be financially impossible to provide health care. People could literally die because of debt.
Canada can’t allow this to happen. Our federal leaders have the power to make a change. This election, tell them that Canada needs to assume Newfoundland’s debt and help the province avoid bankruptcy. Saving Newfoundland Now is the best medicine.