A report released in May from the Fraser Institute shows Canadians and the economy shelled out a lot for their patience with the health care system.
According to the report, the wait from consultation with a specialist to treatment and the normal hours in a basic work week, wait times cost over $1.9 billion throughout 2017.
Associate Director of Health Policy Studies at the Institute and one of the authors of this study Bacchus Barua said when you break down individually, that cost is just as frightening.
“Per patient, that actually works out to about $1800 per patient,” he said.
Barua spoke about specialities, noting some of them do cost more, like neurosurgery. He stated while there is a long wait time for that, there’s not many procedures done, hence a low cost. But for orthopedic surgeries, long wait times combined with a high volume of procedures, it costs the system around $400,000.
Barua said, on the whole, when it comes to this issue, we’re focused to much on remedying inefficiencies at the margin, rather than narrowing in on the key matter of policy examination.
“That’s really the main problem,” he stated. “The question of ‘why is our wait time 21 weeks instead of two or three?’ Whereas if we’re simply focusing on the inefficiencies at the margin, we’ll probably only see improvements at the margin, as well.”