OHIP Budgets

[nobbie48]

Somewhere I heard that the OHIP budget accounted for 40% of our tax dollar but wasn't sure if that was the Ontario portion or the whole enchillada. I'm just trying to relate to what the average US family pays for coverage and what our average is.

In one state (MA) coverage is mandatory and runs $360 a week for a family, regardless of income.

 

[mmmnaked]

40% in Ontario, it varies by province but that seems to be the median. Apparently in 2010 the gov spending on health was around 130B of a total 280B spent, so it applies federally as well.

http://www.cihi.ca/CIHI-ext-portal/...and+health+workforce/spending/RELEASE_28OCT10

According to that it roughly equated to about $5000 per Canadian... deduct the non-working population and figure it out from there. It's expensive!!!

 

[Scuba Steve]

Still way cheaper per person the the US around half, we have the best system in the world right now. Adminstration and equipment costs kill the US system.

 

[murf]

I was quoted between $1000 and $1500 a month for my family in California. So it seems cheaper than $5000 per person in Canada that someone has mentioned.

 

[mxs]

You can't just compare 1500 vs 5000. I mean you can as raw numbers, but without coverage and exclusions, it's pretty much useless.

Secondly the comparison is only valid if you can afford to pay 1500 a month out of my pocket. I surely could not afford that here, not without living much more bitter life than I do now. So I'd have to settle for less substantial insurance or none at all as tons of people opt for in the US.

 

[murf]

You can't just compare 1500 vs 5000. I mean you can as raw numbers, but without coverage and exclusions, it's pretty much useless.

Secondly the comparison is only valid if you can afford to pay 1500 a month out of my pocket. I surely could not afford that here, not without living much more bitter life than I do now. So I'd have to settle for less substantial insurance or none at all as tons of people opt for in the US.

The majority of that would of been payed by my employer (85%), that was with some of the best coverage available, and the last time I was working there the coverage was better than Ohip.

 

[Scuba Steve]

I was quoted between $1000 and $1500 a month for my family in California. So it seems cheaper than $5000 per person in Canada that someone has mentioned.

Month vs year
Canada = 416 per mo

 

[nobbie48]

Month vs year
Canada = 416 per mo

per person X 4 people X 12 = 19968 spent per year. Based on 40% of taxes going to medical the family taxes would have to be about $50K for a break even. I don't have tax tables but I'm guessing family income of about $150-200K. Also not sure how other government incomes affect the rates ie HST, speeding tickets.

 

[mmmnaked]

An Ontario family of 4 with 140k income will pay out 40k in federal and provincial taxes. If we say 40% of that goes to healthcare, that's 16k per year or $1333/month. Definitely not "cheap" and far from "FREE" that most people like to tout Canadian healthcare :lol: :lol:

On the flipside, low income families and individuals catch a break they wouldn't have if they were in the US.

 

[nobbie48]

An Ontario family of 4 with 140k income will pay out 40k in federal and provincial taxes. If we say 40% of that goes to healthcare, that's 16k per year or $1333/month. Definitely not "cheap" and far from "FREE" that most people like to tout Canadian healthcare :lol: :lol:

On the flipside, low income families and individuals catch a break they wouldn't have if they were in the US.

Going back to the $416 / mo for an individual, if an individual could bank it from age 20 to 60 it's about 200K plus interest. If one goes ultra safe the best they could do is stay even after taxes.
At my last checkup I asked how much he thought my tests would cost and he mumbled something about 2K. If over the years one allowed for a couple of CATs and misc tests, a few specialist visits etc there would be a big bite out of the 200K. If I had to guess one might be sitting on a 100K surplus right now at best and one coronary or cancer treatment would wipe that out.

 

[mmmnaked]

I'm not suggesting it's a good or bad system. I'm just posting up some ballpark numbers based on quick data. I think it's good to be aware of the true cost (to ourselves directly via paid taxes) of our health system.