2018 Ontario Fall Economic Statement – What Physicians Need To Know
2018 Ontario Fall Economic Statement – What Physicians Need To Know
The following is a summary of the main points from the Ontario government’s 2018 Fall Economic Statement:
    • Government concern over provincial debt level and current deficit.
    • Government to look for efficiencies and emphasize value for dollars spent.
    • Government will take actions to end hallway medicine to ease pressure on doctors.
    • Additional $90 million for 1,100 beds in hospitals and community.
    • $300 million for 6,000 new long-term care beds; 15,000 new long-term care beds over the next five years.
    • $1.9 billion over 10 years on mental health and addictions services; wait times reduction a priority.
    • Creation of new or expanded Rapid Access Addiction Medicine Clinics.
    • OHIP+ coverage for uninsured under 25 patients only; creates annual savings of $250 million.
    • Closer examination of Ontario Drug Benefit Program to ensure sustainability.
    • Home care to be reviewed to ensure funding best spent on patient care.

Economic Indicators

 20172018p2019p2020p
Ontario Real GDP Growth (%)2.82.01.81.7
World Real GDP Growth (%)3.73.73.73.7
U.S. Real GDP Growth (%)2.22.92.61.8
p= Ontario Ministry of Finance planning projection based on external sources

Fiscal Indicators


Source: 2018 Ontario Economic Outlook and Fiscal Review   Ministry of Finance Links:  Overview, Health Portion, Full Document




For more information, contact:
George Marusic, Director, Analytics
Economics Policy & Research, Ontario Medical Association
email: george.marusic@oma.org
Telephone: 416-340-2899