IM-Drummond and Jones_2023_0523.pub
23 May 2023
In the wake of the high COVID-19-related death rates in Canada’s long-term care facilities and the aging of the population, the report is a helpful avenue of interrogation, providing a thorough analysis of how other countries have implemented LTC insurance models. [...] And we can sharpen the question: How will support and funding be managed to meet the doubling over the next 20 years of the number of Canadians 75 years of age and older? That is an increase of more than three million older seniors. [...] This aligns with a Queen’s University report that also projects that –without a significant change in policy – LTC costs as a share of GDP (using the narrow definition of institutional care) could triple by 2041 from its 2018 level. [...] This includes increasing the number of staff to international standards and improving infrastructure and safety protocols. [...] A new plan could cross subsidize them but that would be yet another intergenerational transfer onto the shoulders of the young, already heavily burdened by public debt and climate change.