Forecast: Social Security Health Expenditure in Canada

The forecast for Canada's social security health expenditure shows a gradual increase from 2.09% of government expenditure in 2024, reaching 2.12% by 2028. The year-on-year growth is relatively stable, with minimal variation anticipated within this period. The compound annual growth rate (CAGR) for 2024 to 2028 highlights consistent expenditure, suggesting controlled policy objectives amidst a growing demand for healthcare resources.

Key future trends to watch for include:

  • Potential impact of demographic shifts, such as an aging population, on health expenditure.
  • The influence of healthcare innovation and technology on cost efficiency.
  • Policy changes related to healthcare funding and resource allocation.

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