What does Healthcare really cost you?
A typical Canadian family of four will pay $12,935 for healthcare in 2018, a Fraser Institute study says.
“Healthcare in Canada isn’t free. Canadians actually pay a substantial amount for public healthcare through their taxes, even if they don’t pay directly for medical services,” says Bacchus Barua, associate director of health policy studies at the Fraser Institute and co-author of ‘The Price of Public Health Care Insurance, 2018.
Most Canadians are unaware of the true cost of healthcare because they never see a bill for medical services and may only pay a small public health insurance ‘premium’ tax (in provinces that impose them). Because general government revenue ‒ not a dedicated tax ‒ funds healthcare, it’s difficult for Canadians to decipher how many of their tax dollars go to the public healthcare system. The study estimates that the average Canadian family (two parents, two children) with a household income of $138,008 will pay $12,935 for public healthcare this year. After adjusting for inflation, that’s an increase of 68.5 percent since 1997, the first year that the estimates could be calculated.
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Source: Pension & Benefits Monitor