The forecast for out-of-pocket health expenditures in Canada, expressed as a percentage of GDP, shows a steady increase from 1.66% in 2024 to 1.69% in 2028. By comparison, in 2023, the value stood at 1.65%. The year-on-year variation highlights minimal growth, with increments of 0.6% from 2024 to 2025, 0.6% from 2025 to 2026, and 0.6% from 2026 to 2027, stabilizing in 2028.
Key trends over the next five years include:
- Persistent growth in out-of-pocket expenditures as a percentage of GDP.
- Flatlining of growth by 2028.
- Potential policy changes impacting healthcare funding.
Future trends to watch for:
- Changes in public healthcare funding affecting out-of-pocket costs.
- Shifts in healthcare demand due to demographic changes.
- Technological innovations potentially lowering costs.
