The Economic Impact of Increased Public Sector Health Spending in Canada quantifies and outlines the benefits of an increase in federal health expenditures, with calculations for both a deficit-financed and tax-financed scenario.
The report draws on economic modelling conducted by Quantitative Economic Decisions, Inc., and was authored by economist and QEDinc president Robin Somerville.
The study found that, for every dollar the federal government spends on health, after one year between $1.32 and $1.45 is generated of additional GDP, depending on whether the spending is deficit-financed or tax-financed. Analysis indicates that these results would rise proportionally with higher levels of health spending.
