"Research investigating both private and public financing solutions for LTC, and the feasibility and impact of these options, is imperative as our population continues to age." "The most recent estimates show that governments across Canada spend $38 billion on LTC services, and demand keeps rising," says Alyssa Brierley, NIA Executive Director.
Costs are also surging for LTC services - through both publicly funded LTC homes and home care in private dwellings.
The latest Statistics Canada data shows that Canadians aged 65 years and older comprise 19% of the population, and their care accounts for almost half of all health care spending. The work will focus on those in the long-term care (LTC) system and the challenges that prevent some members who have paid into a pension plan from accessing the savings they are owed.Ĭanada's health care and support systems have not kept pace with its rapidly ageing population. With a contribution from Sun Life of $300,000 over three years, the NIA will research some of the key financial, health, and mental issues facing ageing Canadians. TORONTO, J/CNW/ - The National Institute on Ageing (NIA) is proud to announce a new research partnership with Sun Life that will seek to identify barriers to financial security for older Canadians and find solutions that can help overcome them.
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