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Canada's real health costs hidden, unsustainable: IMF
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... and Canadians should tell the IMF to mind its own Republican-controled business and leave our health care be. Don't they have more pressing issues with oil-rich, third-world banana republics to deal with?
Zorglubsky
Tell Canadians the truth about health costs, says IMF
talking about
Canada's real health costs hidden, unsustainable: IMF
CTV.ca News Staff
Date: Wed. Dec. 22 2010 7:15 PM ET
Governments at the provincial and federal level have not been honest with Canadians about rising health care costs that will someday swamp budgets, the International Monetary Fund warns.
The organization, which is based in Washington, states that with escalating medicare costs and an aging population, Canada's health-care system is unsustainable.
Accordingly, provinces need to be more upfront with Canadians about the true nature of the costs and the best practices for ensuring service can be maintained in the future.
The warning came as the IMF issued its end-of-year report into Canada, which was largely favourable compared to many other nations.
If the current model of absorbing costs silently continues, the IMF states that Canada will be overrun with health costs.
Talk about cutting healthcare has been considered political suicide for decades, and discussion about a semi-private system has long been met with the pejorative "two-tier" moniker stemming from concern about different service levels.
However, the IMF is not alone in its concern, as many think-tanks have issued similar reports in recent years.
But the IMF says that the current model of putting off hard decisions is wrong-headed.
"(IMF directors) encouraged the authorities to increase communication about the attendant challenges to improve public awareness," says the report.
"Increasing transparency and communication about these challenges and their long-run implications would help to increase public awareness and contribute to the debate about possible solutions."
In 2014, the current provincial-federal health arrangement expires, meaning a new agreement will need to be drawn up.
However, the federal government has been criticized for suggesting that transfer payments to the provinces won't increase above the current rate, which is six per cent annually.
In the short-term, however, the IMF said that Canada's economy was performing well relative to other countries.
However, a few "key risks" were identified by the IMF.
"Risks are elevated and tilted to the downside with high household debt levels the main domestic risk, and a weaker U.S. outlook the largest external risk," the report says.
A correction in the housing market, which is overheating, is also a possibility.
"That said, with most mortgages being 'rollover' mortgages with terms of at most five years, any future interest rate increases could put additional strains on already highly indebted households."
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De Waarheid
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Joe
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And I'm suspicious of an USA base organization just looking to keep the failing money focused healthcare system running their. Focus on healthcare - not on billing people $5 for an aspirin.
Josef Stalin
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Albertaboy111
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anne
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JMC
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Vince M
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David L
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Jen - Florida
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Bea
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"marc toronto said 62 22 This is funny a US organization lecturing us on health care.Yet another report on cancer survival puts us at the top of the world again for healthcare"
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Not the 'top of the world'. It was a study of 6 countries. Canada ranked third.
Curt
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SoccerDad
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1) this is an American entity
2) they have our best interests at heart
The IMF is collection of international banking crooks who have now turned their eyes towards Canada. These folks have one interest and one interest only: global governance, global police force and a world currency. After having run amok and pillaged developing nations already, they are now picking off European countries one by one. The U.S. is imploding because of their kissing cousins The Federal Reserve. These buggers are nothing but foxes; foxes with long teeth and a big appetite to boot and they are at the hen house door. Stop taking all those pills Canada, the ones that make you sicker, not better.
There is a solution however and Canada can lead the way:
1) Have the Bank of Canada start issuing our own currency instead of borrowing from commercial banks.
2) Outlaw fractional reserve lending.
3) Begin an overhaul of our government starting at the top.
Wake up Canada, the clock is ticking...
P.S. Don't be surprised if there is some sort of "terror event" over the holidays but be surprised if it's real...
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Ken in NB
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We have taken a basic principle of providing health care and expanded it to keeping everyone alive for as long as possible no matter what the cost. There needs to be some cost recovery from the expenses due to drunk drivers and couples delaying having kids until they are over 45.
We cannot continue to give everyone everything that they want.
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---
Sue, do you smoke? Do you rock/mountain climb? Ski? Do you jaywalk? Do you use a cell phone frequently? Do you drive while on a cell phone or text? All of these people voluntarily put more of a burden on health costs and are not paying their fair share. What makes you holier than thou people believe you should bully alcohol drinkers? I think it's because you don't happen to drink and you think you should be able to dictate what everyone else does. I'm tired of holier than thou people like yourself, Sue.
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