The Canadian government is warning Canadians that the country is on track to spend $12 billion more on medicines by 2030, with some of that money coming from private companies.
A report released Monday from the Parliamentary Budget Officer, released under the Access to Information Act, showed that, in 2030, the average Canadian family’s monthly out-of-pocket costs will be $1,400.
That’s up $500 from a year earlier.
The report says that this increase will come from the increased use of generic drugs and the introduction of generic prescription drugs in Canada.
The increase in out-pocket spending comes as Canada continues to grapple with the pandemic and the fact that a lot of the new medicines were created for people who didn’t need them.
It is estimated that $3.5 billion in the new budget will go to the provinces and territories.
The study found that the increase in spending on generic drugs was projected to bring in $8 million in new revenue.
But this increase in the government’s out-to-pocket health-care spending is also the result of the country’s increasing reliance on private health-providers.
The government has long argued that the private sector should be the only ones with access to generic drugs, but the latest report shows the reality is much more complicated.
The Parliamentary Budget Office report notes that Canada is now spending more on the health-services sector than any other sector in the world.
It said private companies will spend more on pharmaceuticals than the governments of most developed nations combined.
It also noted that the government will spend $6.7 billion more per year on health care than it will on the provinces.
But that increase in health spending isn’t a good thing for patients.
It means that the cost of medication has gone up and so has the costs of care.
The new budget doesn’t address that issue directly, but it does say that the federal government will focus on the delivery of the health care system and that, by 2030 and beyond, the number of Canadians who receive health care will be lower than at any point in the last decade.
In the meantime, the government says it is committed to increasing access to affordable, quality, affordable medicines.
The PBO says the government is already spending more than it takes in every year, but is aiming to double that number in 2030.
“We’re making good progress on the road to recovery, but there’s a lot to do,” said Pierre Lemieux, president of the Canadian Federation of Independent Business.
“The government is committed.
It’s not a priority right now.
We’re going to be there when it comes to the recovery.”
A spokesperson for Public Health Minister Rona Ambrose said the budget is “aimed at bringing the health system into the 21st century.”
She said the government has a strong commitment to ensure the health of Canadians and will ensure that the medicines Canadians need are available and affordable.
The PBO report, released Monday, also noted a number of other improvements to the health sector.
The Canadian Association of Pharmaceutical Industries, which represents pharmaceutical companies, said the report showed the government was investing in the health and safety of Canadians.
The union also noted some improvements in health-related services in the past two years, including an increase in primary care visits and a reduction in hospitalizations.
The unions have called on the government to increase funding for community health centers and other community-based health-based programs.
The Conservatives, the Liberals and the NDP have all said they want to see more health-service spending increases, but Ambrose said her government is focused on the overall health-system.
“It’s really important to be focused on all Canadians and to look at all Canadians,” she said.
“And to make sure that our health-security system works for all Canadians.”