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Tuesday, October 19, 2021

Many Canadians are unaware of the actual cost of healthcare: the report

The average Canadian family of two parents and two children estimates to pay ১৫ 15,039 for public health care in 2021

Many Canadians do not know the actual cost of the public health system in the country, a new report says, noting that healthcare in Canada is not “free” but is paid through the tax system.

This gap in knowledge is partly because Canadians don’t see the bill for the medical services they use, and partly because there’s no easy way to find out how much they pay to fund the system through taxes. Fraser Institute report.

“Canadians pay a substantial amount of money for healthcare through a variety of taxes এমনকি even if we don’t pay directly for medical care,” said Bachus Barua, director of the Institute’s Health Policy Studies and co-author of “The Price”. 2021 ”in a press release.

The study estimates that a typical Canadian family of two parents and two children will pay ১৫ 15,039 for public health care in 2021, with an average household income of $ 150,177. Couples without children will pay about 13 13,533 while single parents with one child will pay approximately 90 3,909. A single person would have to spend 4,296 to finance the system.

The report notes that the amount of money that most Canadians pay to the government each year will be difficult to work with because healthcare insurance is being financed “through general government income rather than a dedicated tax”.

According to the authors, sources of government revenue that can contribute to the health care fund include income tax, employment insurance, Canada pension plan premiums, property taxes, profit tax, sales tax, import duties and taxes on alcohol and tobacco.

“Some Canadians may assume that in the provinces in which they are assessed, employer health taxes and contributions bear the cost of healthcare,” the study said. “The reality is that these premiums cover a fraction of the cost of healthcare and are paid from the general revenue from which healthcare is paid.”

Those who bear the tax burden are the top 10 percent earners who are expected to pay 41 41,916 for public health care in 2021. Those with an average income of 75 75,300 will pay 6 6,521, while those with the lowest income will pay an average of 72 726.

The study also found that, from 1997 to 2021, the average Canadian household’s health insurance costs increased by 177.6 per cent, an increase of 1.6 times the average income of 109.9 per cent over the same period. At the same time, it is 4.4 times faster than the cost of clothing, 2.2 times the cost of food and 1 times the cost of shelter. times multiplied.

Barua said how much they pay taxpayers for healthcare and how this amount has increased over time will help them “evaluate the value and performance of the healthcare system and whether it is financially sustainable.”

“When people talk about ‘free’ healthcare in Canada, they completely ignore the taxpayer-funded spending system.”

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This News Originally From – The Epoch Times

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