Is BC’S Health Care System SustaInable? - A Closer look At the Costs of Aging And Technology

The health care apocalypse goes something like this: Health care costs are already spiraling out of control, and when those in the baby boom generation start to hit their senior years en masse the costs of providing health care will surely lead to the collapse of the public system. [...] in its 2006 update the fraser institute reports that health care will consume the entire provincial budget by 2050.2 thus, the framing of the Premier’s “conversation” on health care is remarkably similar to that of the fraser institute, which has long argued for privatization of public health care. [...] [which] also expands the size of the market.18 is BC’s health Care system sustainable? | A Closer look at the Costs of Aging and technology 17 If budgets were unlimited and merely reflected the decisions by practitioners to use technology, the cost implications could be in excess of enrichment estimates made in the previous section. [...] Annual savings as a result of the program are in the $2 million to $2 million range from the time the program was introduced in 199 up to the end of the decade.31 end-of-life Care As pointed out earlier, a large proportion of health care expenditures occur in the last year of life. [...] The indexes are the GDP implicit price indexes (IPI) for government current expenditure on goods and services in the public sector and the health component of the consumer price index (CPI) in the private sector.” A comparison of indices in this report found that that health inflation (a weighted composite of the two indices above) was slightly higher than GDP inflation between 197 and 1990, but s.