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.
p= Ontario Ministry of Finance planning projection based on external sources
|Ontario Real GDP Growth (%)||2.8||2.0||1.8||1.7
|World Real GDP Growth (%)||3.7||3.7||3.7||3.7
|U.S. Real GDP Growth (%)||2.2||2.9||2.6||1.8
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