As Canada’s baby boomers enter their sixties and seventies, the cost of their health care will rise exponentially. Combined with medical advancements that increase life expectancy, this puts our health care system at serious risk. Costs are already growing by 6-7 percent a year and will only increase.
Despite this, in 2017-2018, the previous government capped annual increases to the Canada Health Transfer (CHT) – the money Ottawa give the provinces for health care – at 3% a year or the level of GDP growth. This represents a 50% reduction from previous years, when the CHT rose by 6% a year.
This means that health costs are rising at a rate faster than funding is. Since provinces can’t endlessly raise taxes to fund the shortfall, hospitals have been restricting services to cope.
This election, we need a change. Our politicians must raise federal health care transfers to match the growth we are seeing. This election, our politicians must pledge to support the 6% solution.