Funding Flashcards
Where are hospital dollars being spent?
- Hospital - 25.6%
- Drugs - 13.9%
- Physicians - 13.8%
How are healthcare services funded?
Publicly funded by federal, provincial, territorial, and municipal governments through person and corporate taxes and by worker’s compensation (insurance)
What is delivery?
How health services are distributed, managed, and structured
Main source of funding for hospitals?
Provincial and territorial
What are problems hospitals are facing?
People quitting, COVID 19, cuts to services, reductions in hospital beds, long waitlists for surgery & admission, closure or merging departments / hospitals
Strategies to reduce hospital costs
Same day admission, technology and day surgery, timely discharge
Why are costs of drugs going up?
People are living longer, increased usage, aging population is getting larger, newer and more effective drugs, quick fix mentality
What is catastrophic drug costs? (Drug insurance)
If someone goes on holiday and something bad happens, they end up covering the costs or start a go fund me
Who does provincial and territorial government provide drug insurance to?
People with disabilities, seniors, and those who cannot afford
Catastrophic insurance
What agreement did federal government make with provinces and territories?
Increase funding over next 10 years to fiscal transfer payments (one level of government provides funds to another) for essential services
4 priorities for the fiscal transfer payment
- Expand access to family health services (more family doctors)
- Supporting health care workers
- Improving access to mental health and substance use services
- Improving and modernizing health care system