Forecast: Risk of Catastrophic Health Expenditure Due to Surgical Care in Canada

In Canada, the forecasted risk of catastrophic health expenditure due to surgical care remains consistently at 0.2% of the population from 2024 to 2028. There's a notable lack of year-on-year variation over the previous two years, indicating a stable outlook based on these projections. In 2023, the risk was also at 0.2%, thus the CAGR over the past five years stands at 0%, highlighting an absence of growth or decline trends in this metric.

Future trends to watch for include:

• Potential policy changes in healthcare funding or insurance that might affect out-of-pocket surgical expenses for Canadians.
• Demographic shifts and the aging population which may impact surgical care demand.
• Technological advancements in surgical procedures that could influence costs and financial risks.