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Dear John,
Did you know that virtually every other developed country with universal healthcare has moved to funding hospitals based on services provided to patients?
Canada remains one of only a handful of countries that funds hospitals primarily with lump sum payments, regardless of how many patients they treat.
A new Fraser Institute study out today shows that over the last 30 years, the vast majority of developed nations with universal health care have moved away from the financing approach used in Canada, and towards a system where funding follows patients for hospital care.
Paying hospitals in this manner, when coupled with appropriate initiatives to manage possible negative outcomes, creates powerful incentives to deliver a greater volume and quality of services, with the potential to reduce wait times.
Read the whole fascinating study here, and be sure to share it with your friends and colleagues!
Stay safe,
Niels Veldhuis
President
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