Out-of-pocket per capita health spending Canada 2010-2021 | Statista (2024)

FAQs

Out-of-pocket per capita health spending Canada 2010-2021 | Statista? ›

Canada per capita out-of-pocket health care spending 2010-2021. In 2021, the out-of-pocket health care payments in Canada are projected to come to an average of 959 Canadian dollars per capita, an increase from the previous year.

In 2022, U.S. out-of-pocket health care payments was reported to come to an average of 1,424.6 U.S. dollars per capita.

In 2022, overall health expenditure in Canada is predicted to be 331 billion Canadian dollars or 8,563 Canadian dollars per person. It is predicted that health spending will account for 12.2 percent of Canada's gross domestic product (GDP) in 2022.

With the exception of 2020 and the Covid cost spike, health care costs have remained at or below 18% of GDP since the enactment of the Affordable Care Act in 2010. This has been the longest stretch of no-cost-growth since at least 1965 and the enactment of Medicare and Medicaid.

Canada's total health spending was expected to reach $344 billion in 2023, or $8,740 per Canadian. That's about 12.1% of our GDP, making Canada a top spender among OECD countries. More than half of health spending goes to three areas: hospitals (26%), drugs (14%) and physicians (14%). And, yes, equipment is expensive.

The United States is the highest spending country worldwide when it comes to health care. In 2021, total health expenditure in the U.S. exceeded four trillion dollars. Expenditure as a percentage of GDP is projected to increase to approximately 20 percent by the year 2031.

On a per capita basis health spending has increased in the last five decades, from $353 in 1970 to $13,493. In constant 2022 dollars, the increase was from $2,072 in 1970 to $13,493 in 2022.

Canada is among the highest spenders in the OECD

Among 38 countries in the OECD in 2020 (the latest year for which comparable data is available), spending per person on health care remained highest in the United States (CA$15,275).

Canada fares better than the United States with regard to coverage, cost, and health outcomes. While overall access is better in Canada, patients are sometimes required to endure longer wait times than in the United States.

The healthcare system in the United States is more expensive than the healthcare system in Canada. Health expenditures in the United States average out at $12,914 per person, nearly double the $6,500 spent per person in Canada.

How much have healthcare costs risen in the last 10 years? ›

Since June 2009, the CPI for medical care services has risen by 53.4%, while the PPI for health care services has increased by 39.6% and the PCE price index for health care services has increased by 31.8%. Services included in this chart include hospital, physician, and other professional and facility care prices.

Total US health spending reached $2.6 trillion, or $8,402 per person, in 2010 ( Exhibit 1 ).

Telemedicine evolved in the last decade with modern health technology like fitness wristbands and heart rate monitors, which were very big in the 2010s. Similar to earlier telemedicine equipment, these devices are smaller in size and have a greater scope of features.

As of 2023, the total per capita expenditure in Canada for health care was estimated to be about 8,740 Canadian dollars. This is an increase from the previous years and a significant increase from the 1970s, just prior to the implementation of the 1984 Canadian Health Act.

Introduction. Canada ranked 25th in the 2022 World Index of Healthcare Innovation, down from 23rd in 2021 and 17th in 2020. Canada's overall ranking was dragged down by its 17th and 29th showings, respectively, in Science & Technology and Fiscal Sustainability. Canada ranked 12th for Quality and 16th for Choice.

The federal government funds about 40 percent of the provinces' costs. For the province to qualify for maximum federal support, providers must accept the provincial plan reimbursem*nt as payment in full. There are no upper limits on the provision of care provided as long as it is deemed medically necessary.

In 2022, U.S. healthcare spending reached $4.5 trillion, which averages to $13,493 per person. By comparison, the average cost of healthcare per person in other wealthy countries is less than half as much.

Health expenditure per capita. The amount that each country spends on health, for both individual and collective services, and how this changes over time can be the result of a wide array of social and eco- nomic factors, as well as the financing and organisational structures of a country's health system.

Government insurance programs, such as Medicare and Medicaid, made up 45 percent, or $1.9 trillion, of national healthcare spending. Private insurance programs, including employer-provided health insurance as well as plans purchased through the Affordable Care Act, accounted for 30 percent, or about $1.3 trillion.