This briefing looks at health care as an important driver of economic growth—a perspective that is often overlooked. An economic impact analysis is conducted, measuring health care spending’s contribution to economic growth, employment, and government revenues in Canada.
Health Care in Canada: An Economic Growth Engine (Briefing 1)—The Economic Footprint of Health Care Delivery in Canada
Health Care in Canada: An Economic Growth Engine (Briefing 1)—The Economic Footprint of Health Care Delivery in Canada
Canadian Economic Analysis
Industry Economic Analysis
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Policy debates and proposals about health care generally focus on health outcomes and cost containment. Consequently, the health care sector’s contribution to wealth is often overlooked.
In addition to improving the health and well-being of Canadians, health care spending makes a tremendous contribution to Canada’s economy—generating significant tax revenues for all levels of government, supporting millions of jobs in a large number of industries, and providing over 10 per cent of GDP.
This briefing lays the groundwork for the series Health Care in Canada: An Economic Growth Engine by measuring the economic footprint of health care delivery in Canada. Future briefings will provide insights on how stakeholders, policy-makers, and the business community can adopt proactive strategies to enhance the role that health care plays in the Canadian economy.
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