As Canada’s total health spend is expected to reach $242 billion by the end of 2017, the amount spent on drugs is expected to grow at the fastest pace, according to new figures by the Canadian Institute for Health Information.
The total projected growth in health spending for 2017 is about four per cent, a slight increase on 2016. Since 2010, the average annual increase has been 3.2 per cent. The total estimated growth of drug spending for the year is 5.2 per cent, followed by growth in physician spending (4.4 per cent) and in hospital spending (2.9 per cent).
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