A typical Canadian family; consisted of two parents and two kids pay up to $11, 786 for public health care insurance this year, according to a study at the Fraser Institute.
Using data from the Canadian Institute for Health Information and Statistics Canada, the study estimated the amount of taxes the typical Canadian family will pay for public health insurance in 2014. The study also shows how the cost of public health has increased over the last decade.
The study shows, Depending on the size of the family, Canadians will pay an average of $3, 592 to $11, 786 for public health insurance in 2014.
According to the study, over the last 10 years, the cost of public health care insurance for the average Canadian family has increased:
The study authors, Fraser Institutes economists Bacchus Barua and Milagros Palacios, said this study was to help Canadians understand how much health care costs them, and they can decide whether they`re getting a good value for what they pay in taxes.
“Health care in Canada is not ‘free,’” they wrote in the study. “While Canadians may not be billed directly when using medical services, they pay a substantial amount of money for health care through the country’s tax system.” – Because there is no “dedicated” health insurance tax, it’s hard for Canadians to “fully appreciate” how much they pay towards the health system. They argue because health services in Canada are free when they use the health care, and many people underestimate the actual cost of care.
The study also showed the following:
The authors also studied the average cost for public health insurance among different income groups: