The cost of living in Canada has dropped dramatically in the past five years.
Healthcare costs are down by about $6,500 for every dollar that a family earns, according to a new report from the Canadian Federation of Independent Business.
The federation has calculated the cost of healthcare for the average family on average over the past decade and found that in 2017 the cost dropped by $6.2 billion compared to a previous year.
It said this is the lowest drop in the Canadian economy since the recession, and the cost is still lower than the U.S. and UK.
A family of four earning the median salary of $40,000 would pay about $2,000 less for healthcare than they did in 2015.
According to the report, the cost will continue to fall, because the cost growth is due to improved medical technology.
In 2020, healthcare costs will be $2.5 billion lower than they were in 2016, the federation said.
Canadian healthcare spending was up 4.3% in 2019, compared to the previous year, according a report from BMO Capital Markets.
For families earning between $50,000 and $75,000, healthcare spending dropped 2.7% in the same period, compared with the previous five years, the report said.
In 2018, the average household was spending $42,624, while in 2019 it was $43,000.
With a population of more than 6 million, the province of British Columbia has the most expensive healthcare in the country.
Despite this, the federal government has been reluctant to take steps to reduce the cost, saying it needs to “continue to work with provinces and territories to reduce costs and improve access.”
Health Minister Eric Hoskins said in March that provinces and the federal governments were working together to find ways to reduce healthcare costs.
“The provincial governments are working with the federal and territorial governments to make sure that the cost doesn’t continue to rise and the quality of care is not going down,” he said at the time.
Hoskins said the federal Liberal government would work with the provinces and provinces would be allowed to set their own costs.
“We are committed to finding a way to make the federal system as competitive as possible and to working with provinces to find the best way to deliver care to Canadians,” he added.
While the report says that in 2019-20, the total cost of health care for Canadians dropped by 1.6%, the federation noted that this is due in part to the increased use of the internet and technology in healthcare, such as computers and smartphones.
Canada is ranked third in the world for the number of people who have transitioned from one gender to the other.
Its population is over 8.2 million, making it the third largest in the developed world, behind the United States and France.
Source TechRadars: Canada health care costs drop, but not by much, new report says article While there have been several high profile health care scandals, it has been hard to know how much of the cost reduction has to do with a reduction in the number, size and cost of hospitals, nurses and other healthcare professionals.