Study
| EST. READ TIME 1 MIN.Annual health-care costs for typical Canadian family may eclipse $14,000 this year
The Price of Public Health Care Insurance
Summary
- Canadians often misunderstand the true cost of our public health care system. This occurs partly because Canadians do not incur direct expenses for their use of health care, and partly because Canadians cannot readily determine the value of their contribution to public health care insurance.
- In 2020, preliminary estimates suggest the average payment for public health care insurance ranges from $4,190 to $14,474 for six common Canadian family types, depending on the type of family.
- The 10 percent of Canadian families with the lowest incomes will pay an average of about $471 for public health care insurance in 2020. The 10 percent of Canadian families who earn an average income of $65,522 will pay an average of $6,627 for public health care insurance, and the families among the top 10 percent of income earners in Canada will pay $39,731.
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Milagros Palacios
Director, Addington Centre for Measurement, Fraser InstituteMilagros Palacios is the Director for the Addington Centre for Measurement at the Fraser Institute. She holds a B.S. in IndustrialEngineering from the Pontifical Catholic University of Peru and a M.Sc. in Economics from the University of Concepcion, Chile. Ms. Palacios has studied public policy involving taxation, government finances, investment, productivity, labour markets, and charitable giving, for nearly 10 years. Since joining the Institute, Ms. Palacios has authored or coauthored over 70 comprehensive research studies, 70 commentaries and four books. Her recent commentaries have appeared in major Canadian newspapers such as the National Post, Toronto Sun, Windsor Star, and Vancouver Sun.… Read more -
Bacchus Barua
Director, Health Policy Studies, Fraser Institute