The Changing Face Of Healthcare In Canada
Are you prepared? When making important decisions about health, the last thing anyone wants to worry about is money. But are you taking action to make sure you're ready in the event of illness?
- Canadians 65 years and older. HRSDC calculations based on Statistics Canada CANSIM tables 051-001 and 052-005: 1) 1971 (historical) ~ 8.0%; 2) 1981 ~ 8.5%; 3) 1991 ~ 9.5%; 4) 2001 ~ 10%; 5) 2010 ~ 11%; 6) 2011 ~ 13%; 7)
2021 ~ 15% (projected); 8) 2031 ~ 18% (projected); 9) 2041 ~ 20% (projected); 10) 2051 ~ 23% (projected); 11) 2061 ~ 25.5% (projected). Canada's population is getting older.
- As Canada's population ages, the face of healthcare will change: 1) Increase in chronic medical conditions; 2) Less sustainable government-funded health care; 3) More expensive drug therapies.
- According to the 2011 Sun Life Canadian Health Index, Canadians believe illness can take its toll on both physical and financial health: 1) 90% anticipate a financial impact if they were to experience a major or chronic illness; 2) 53% say
the impact would be large or perhaps permanent; 3) Yet only 58% are financially preparing or already prepared for the cost of a serious illness and 8% have a written financial plan that includes insurance and risk management solutions.
- How can you get ready?: 1) Meet with an advisor; 2) Create a long-term plan; 3) review the plan regularly and make adjustments based on your life and health.
- Get started now! Canadians expect they will have to at least partially fund their future health care needs. When it comes to things such as medications for seniors, home-based medical equipment or long-term care, more than three-
quarters say they expect there will be some amount they will have to pay.
Read the full 2011 Sun Life Canadian Health Index at www.sunlife.ca/CanadianHealthIndex. To find more tips to help you achieve your health goals, visit www.BrighterLife.ca.
Brighter Life - Sharing ideas about money, health and family | The data used in this infographie is from the 2011 Sun Life Canadian Health Index, which provides a comprehensive snapshot of the attitudes, perceptions and behaviours of
Canadians relating to their health. The study is based on a landmark coast-to-cast survey of 3.233 adults from 18 to 80 years of age. It was conducted by lpsos Reid and commissioned by Sun Life Financial between July 27 and September
12, 2011. The population snapshot of Canadians 65 years and older is from Human Resources and Skills Development Canada's calculations based on Statistics Canada's Estimates of population, by age group and sex for July 1, Canada,
provinces and territories, annual (CANSIM table 051-0001); and Projected population, by projection scenario, sex and age group as of July 1, Canada, provinces and territories, annual (CANSIM table 052-0005), Ottawa: Statistics Canada,
2010. (c) Sun Life Assurance Company of Canada, 2012.