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Most health care spending continues to be for hospitals, drugs and physician services.

Here’s the forecast for each category in 2024:

• Hospitals spending: 25.8% of total health care spending; $2,334 per person; 3.5% annual growth per person
• Drugs spending: 13.7% of total health care spending; $1,238 per person; 1.3% annual growth per person
• Physicians spending: 13.3% of total health care spending; $1,203 per person; 1.8% annual growth per person

In 2024, it is forecasted that

• The public sector will pay for about 71% of total health expenditures (64.9% from the provincial and territorial governments and 6.2% from other public-sector sources).
• Private-sector spending will account for the other 29% of total health expenditure. The private sector has 3 components, the largest of which is out-of-pocket spending (14.6%), followed by private health insurance (11.9%) and other (2.5%).

From 2012 to 2022, the share of health expenditure spent on Canadians age 65 and older increased from 44.7% to 46.9%. At the same time, the percentage of seniors in the population grew from 14.8% to 18.8%.

By comparison, over the same time period, the share spent on Canadians age 1 to 64 dropped from 52.4% to 50.3%, and this age group’s share of the population dropped from 84.1% to 80.3%.

Finally, the share spent on Canadian infants younger than age 1 stayed almost the same: 2.9% for 2012 and 2.8% for 2022. The percentage of infants in the population stayed almost the same: 1.1% in 2012 and 0.9% in 2022.