Study
| EST. READ TIME 1 MIN.Health-care costs for typical Canadian family will reach almost $17,000 this year
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 2023, preliminary estimates suggest the average payment for public health care insurance ranges from $5,373 to $17,039 for six common Canadian family types, depending on the type of family.
- Between 1997 and 2023, the cost of public health care insurance for the average Canadian family increased 4.2 times as fast as the cost of clothing, 2.1 times as fast as the cost of food, 1.8 times as fast as the cost of shelter, and 1.7 times as fast as the average income.
- The 10 percent of Canadian families with the lowest incomes will pay an average of about $644 for public health care insurance in 2023. The 10 percent of Canadian families who earn an average income of $80,946 will pay an average of $7,715 for public health care insurance, and the families among the top 10 percent of income earners in Canada will pay $44,314.
-
Nathaniel Li
Senior Economist, Fraser InstituteNathaniel Li is a Senior Economist at the Fraser Institute. He holds a B.A. from the Fudan University in China anda Ph.D. in Food, Agricultural and Resource Economics from the University of Guelph. Prior to joining the Fraser Institute, he worked for the University of Toronto as a postdoctoral fellow and the University of Guelph as a research associate. His past research work has been published in many high-quality, peer-reviewed academic journals, including the Applied Economic Perspectives and Policy, Agricultural Economics, Preventive Medicine, and Canadian Public Policy. His current research covers a wide range of issues in fiscal, education, and labour-market policies.… Read more -
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