Managing Healthcare for an Aging Population: Are Demographics a Fiscal Iceberg for Newfoundland and Labrador?

Summary:
Page Title:Managing Healthcare for an Aging Population: Are Demographics a Fiscal Iceberg for Newfoundland and Labrador? – C.D. Howe Institute
Article Title:Managing Healthcare for an Aging Population: Are Demographics a Fiscal Iceberg for Newfoundland and Labrador?
URL:https://cdhowe.org/publication/managing-healthcare-aging-population-are-demographics-fiscal-iceberg-newfoundland-and-labrador/
Published Date:January 8, 2015
Accessed Date:February 9, 2025

Newfoundland and Labrador face a $65 billion fiscal burden – the future tax bill for increased healthcare costs over the next half-century – and should prepare now for the coming demographic squeeze, says a report released today from the C.D. Howe Institute. In “Managing Healthcare for an Aging Population: Are Demographics a Fiscal Iceberg for Newfoundland and Labrador?,” authors William B.P. Robson, Colin Busby and Aaron Jacobs find that the province faces a liability related to demographically sensitive programs that is larger than the provincial GDP,  raising the prospect of the province doubling the share of provincial income it collects as taxes.

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