Post-pandemic healthcare system can be challenged by COVID 19 spending spikes: CIHI


According to the Canadian Institute of Health Information, the surge in health care costs during the COVID-19 pandemic could lead to some serious financial challenges as the state is working to rebuild its health system in the aftermath.

According to a new forecast released by CIHI, the surge in spending is expected to reach a record $ 308 billion in 2021.

That’s about $ 8,019 per Canadian.

“COVID-19 has resulted in the largest increase in medical costs ever seen in the country,” CIHI President David O’Toole said in a news release.

Healthcare costs are projected to increase by 12.8% between 2019 and 2020. This is more than three times the average annual growth rate seen from 2015 to 2019, or about 4% per year.

Spending is estimated to have increased by another 2.2 percent between 2020 and 2021.

Authorities said the estimates were updated once the final spending was aggregated and may not be more accurate than usual given the nature of the emergency funds spent during the pandemic.

Still, this number leads to a difficult future as Canada is working to recover from the pandemic and the health care system.

“We know that we spend less on health care during times of financial restraint, so we have some decisions to make in the future. CIHI’s Vice President of Data Strategy and Statistics. BrentDiverty said:

Historically, the increase in health care costs has been in step with or slightly greater than the increase in economic growth. When the state gets into a difficult situation, they usually spend less on medical care.

But in 2020, the surge in medical costs to expand system capacity, testing, and other pandemic responses was paired with a serious reduction in the country’s economic health. According to the latest federal budget, GDP fell 4.6 percent that year.

Now, as the pandemic decline and the fourth wave of the healthcare system move towards the backlog of surgical and primary care left behind, they handle the extra burden while having an increasing health deficit. You need to understand how to do it.

However, there may be other pandemic developments that may offset some of the future costs, such as the rise of virtual care.

Some innovations “in fact make the system more sustainable or affordable,” Diverty said.

Medical costs have been steadily increasing for decades before the pandemic.

The free government has promised an additional $ 6 billion to pay for the unprocessed portion of the health care system that was deteriorated by the pandemic in the last federal election, but negotiated with states and territories on specific funding requirements. need to do it.

The party has promised an additional $ 3.2 billion to hire family doctors, nurses and nurse practitioners.

The states and territories are calling for a meeting with the prime minister before a speech from the throne scheduled for later this month.

The Prime Minister has urged the federal government to account for a larger proportion of medical costs in the future.

Canadian press

follow

EPOCH TV
Posted on