Do you know how much does health care cost in Canada?
A typical Canadian family with two parents and two children will pay up to $11,786 for public health care in 2014. This comes from our new study, The Price of Public Health Care Insurance, which helps Canadians better understand health care costs and the value they receive for their tax dollars.
Health care in Canada is not free—while Canadians may not pay directly for medical services, they pay a substantial amount of money for health care through taxes. In fact, most Canadians are unaware of the true cost of health care because they are not billed for any portion of physician and hospital services covered by tax-funded health care insurance. Moreover, general government revenue—not a dedicated tax—Health care in Canada costs a typical Canadian family more than $11,000 Big stock Fall 2014 Canadian student review 15 bankrolls health care, while health care premiums (where applied among provinces) cover only a fraction of health care costs.
However, using data from Statistics Canada and the Canadian Institute for Health Information, the study estimates the amount of taxes Canadian families will pay for public health insurance in 2014, and by how much it has increased over the last decade.
In 2014, the average single individual earning roughly $42,000 will pay $4,381 for public health care insurance. A family of two adults and two children earning approximately $118,000 in 2014 will pay $11,786 for public health care insurance. And what about the cost of health care insurance among income groups?
The 10 per cent of Canadian families with the lowest income will.