New Edition of Seeing Beyond Risk: "Salvaging the Canadian Health Care System"

The latest issue of Seeing Beyond Risk, the quarterly electronic publication, is now available on the CIA website. Each issue features contributions from well-known names in actuarial science and experts in the field, writing about topics suggested and honed by the CIA Editorial Panel, readers, and Institute members.

This issue features an article from Stéphane Levert, FCIA, FSA, who looks at the crisis facing Canada’s health care system, and what governments can do to address this problem. In 2013, Stéphane authored a research paper sponsored by the Society of Actuaries and the Canadian Institute of Actuaries in which he used a demographic approach and the application of actuarial techniques to directly capture the increase in health care costs associated with an aging population. The article in Seeing Beyond Risk goes beyond the original paper to examine the viability of Canada’s universal health care system in the face of spiralling costs and an aging demographic.

As the population ages and health care costs rise, governments face provincial health care expenditures that are outpacing the inflation rate by more than 2 percentage points. Stéphane explores the question of how to fund, and even contain, growing health care costs, which could rise to more than 100 percent of a province’s available revenues by 2037.

We are sure you will find this article informative and thought-provoking, and we encourage you to distribute it among your friends and colleagues.

Canadian Institute of Actuaries/Institut canadien des actuaires