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Health-care costs will rise significantly as population ages, says new report

  • A new report projects that health-care costs will significantly rise as the population ages, with seniors making up 22 percent of Canadians by 2040.
  • Currently, each person aged 65 and older costs about $12,000 annually, while individuals younger than 65 cost $2,700.
  • Seniors represent about 18 percent of Canada's population but account for about 45 percent of health-care spending by governments.
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