Canada’s Health Spending Hits Slowest Growth Rate Since 1997
Health spending in Canada is projected to grow by approximately $4.5 billion this year to reach $214.9 billion in 2014. This amounts to $6,045 per Canadian, about $61 more per person than last year.
The rate of growth in health spending (2.1%) continues to be less than inflation and population growth combined. Health spending decreased by an average 0.4% per year in the last four years after adjusting for these factors.
Overall, health expenditure is expected to represent 11% of Canada’s GDP in 2014, a share that has fallen gradually in the past few years—down from an all-time high of 11.6% in 2010.
Canadian Institute for Health Information. National Health Expenditure Trends, 1975 to 2014