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“Don’t Panic: The Fiscal Sustainability of Medicare, Past and Future Robert G. Evans Centre for Health Services and Policy Research, UBC June 17, 2010.

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Presentation on theme: "“Don’t Panic: The Fiscal Sustainability of Medicare, Past and Future Robert G. Evans Centre for Health Services and Policy Research, UBC June 17, 2010."— Presentation transcript:

1 “Don’t Panic: The Fiscal Sustainability of Medicare, Past and Future Robert G. Evans Centre for Health Services and Policy Research, UBC June 17, 2010

2 First Law of Health Economics Every dollar of health spending is a dollar of someone’s income. Therefore: total health spending is necessarily identically equal to total health incomes.

3 Adam Wildavsky’s Law of Medical Money “… costs will increase to the level of available funds... that level must be limited to keep costs down.” “Doing Better and Feeling Worse: The Political Pathology of Health Policy” Daedalus Vol. 106, no.1, 1977, pp. 105–124.

4 Shoppers’ Drug Mart shares (SC- TSX) April 7, 2010$43.50-$44.00 April 8, 2010$38.00 … June 15, 2010$34.53 Reduction in Shoppers’ market capitalization: Roughly $2 billion

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