Health spending surged the first two years of the pandemic but will will slow dramatically as year ends, Canadian Institute for Health Information report states
The growth in health spending seen during the first two years of the pandemic will slow dramatically in 2022, predicts a report by the Canadian Institute for Health Information.
Chris Kuchciak, the manager of health expenditures atCanadian Institute for Health Information, said COVID-19 was the main driver of health spending growth in the past two years. Kuchciak said the return of health-care services that were deferred during the pandemic and demographic changes such as population growth and an aging population are taking over as the drivers of spending growth.
The report predicts the federal, provincial and territorial governments will spend $14.5 billion to deal with COVID-19 in 2022. In comparison, the COVID-19 response cost $32.5 billion in 2021 and $29.3 billion in 2020.“In 2022, really it is a levelling off a significant increase in spending in the previous two years. But we are not seeing a return to pre-pandemic levels of spending,” Kuchciak said.
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