Canada’s sclerotic, dysfunctional universal healthcare system is poised to come to America courtesy of the Democratic-controlled Congress and the Obama administration just as Canada backs away from the socialistic system that is bankrupting it.
That nation’s provincial governments are desperately scrambling to find ways to cut costs.
“A few provinces are also experimenting with private funding for procedures such as hip, knee and cataract surgery, Reuters reports. “It’s likely just a start as the provinces, responsible for delivering healthcare, cope with the demands of a retiring baby-boom generation. Official figures show that senior citizens will make up 25 percent of the population by 2036.”
Said Derek Burleton, a senior economist at Toronto-Dominion Bank
There’s got to be some change to the status quo whether it happens in three years or 10 years. We can’t continually see health spending growing above and beyond the growth rate in the economy because, at some point, it means crowding out of all the other government services. At some stage we’re going to hit a breaking point.
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