Evidence is emerging that the effects of population aging on health-care spending are potentally overestimated, while the effects of care provided at the end of life are potentially underestimated. . .
For starters, Ontario needs to develop a more effective and comprehensive system of paying for health care. The current pay-as-you-go structure imposes most of the fiscal burden on those currently working and fails to send any price signals to users. Diversification of the revenue base is needed to finance our system. Setting aside funds today to cover health-care costs in our senior years, just like we do for retirement, could ensure a more stable financing model and improve intergenerational fairness. Introducing income-tested co-payments for certain services may also mitigate cost issues.There is more here.