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.