January 9, 2015
Prince Edward Island faces a $13 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 today from the C.D. Howe Institute. In “Managing the Cost of Healthcare for an Aging Population: Prince Edward Island’s $13 Billion Healthcare Squeeze,” authors William B.P. Robson, Colin Busby and Aaron Jacobs find that demographically sensitive spending threatens large increases in the province’s tax burden over time.
