Earlier quoted context omitted.
What does "underfunded" mean? The UK has a similar system to Canada. Costs are controlled by controlling the funding. You set a cap to what you'll spend and let the system figure out how best to allocate those funds. It's a big reason why the cost per capita for healthcare is quite low - you simply choose not to spend more. The demand for healthcare spending is almost infinite. You can set it up so everyone get an MR…
You can start by paying doctors/nurses a better wage for the shit they have to put up with for the last 2 years Our Ontario government capped nurse pay to 1% per year which is effectively a 8% paycut/year given the current inflation
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"Mr. Macklem: [... T]he high inflation that we have today is not normal. It's not here to stay. We are resolute in our commitment to bring inflation down. We are taking action and we will continue to take action to bring inflation back down. So as a business, don't plan on the current rate of inflation staying. Don't build that into longer term contracts. Don't build that into wage contracts. It is going to take some time, but you can be confident that inflation will come down.
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- Tiff Macklem, Governor and CEO of the Bank of Canada in a webinar hosted by the Canadian Federation of Independent Business. Transcript here: https://20336445.fs1.hubspotusercontent-na1.net/hubfs/203364...
The reason he speaks to that is that he's worried about inflation increase due to a wage-price spiral. Depressing wages is a way to prevent that. And I'll mention now; I have no idea how true this is.