(Calgary Herald) Canada's "pay-as-you-go" health funding model hasn't socked away enough cash to care for aging baby-boomers — and younger generations might not be willing to cover the looming medical system tab, Calgary researchers say.
A new University of Calgary School of Public Policy report suggests today's funding model that sees governments set aside current tax revenues to pay for today's health costs is unsustainable.
Public health care is set to get more expensive as baby boomers reach retirement and begin to rely more heavily on the health-care system, said Herb Emery, one of the authors of the report.
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But the younger generation whose tax dollars will pay for those higher medical costs is a much smaller group.