May 15, 2013
By Jane Brown
If you were to add up all your doctor visits, tests, surgeries and hospital stays over the years, a new study suggests you would consume about $200,000 in healthcare over your lifetime.
According to an analysis from the Canadian Institute for Health Information, spending is fairly consistent across income groups. People in the lowest income group have $237,000 in lifetime health costs, compared with $206,000 for the highest income group. The wealthy live an average of five years longer than the poor. But the rich also tend to be healthier, so their lifetime cost to the healthcare system tends to be less.
The calculations also suggest having publicly funded healthcare is equivalent to an 18 percent boost in income for the poorest citizens … a nearly 5-percent income loss for the wealthiest, and pretty well a wash for middle income Canadians.