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Canada's Healthcare System

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Canada’s health care system is one of many countries in the developed world that

provides universal health care for all its inhabitants, paid for it by taxes. The opposite of this

system reliant on government intervention is a private healthcare system. In this system, instead

of the government providing healthcare, healthcare is offered by entities that have no affiliation

with the government. This system can still be found in use in many countries as well, such as the

U.S, Egypt, and Belarus. Both of these systems have their fair share of pitfall and triumphs –but

which is better? Is the private system good enough to replace Canada’s publically funded

healthcare system? The answer to this question can be revealed by peering …show more content…
This can be argued to be both a negative and positive. On the

positive side, higher tax rates increase workers to improve their hours or take on a second job.

This increases overall productivity and the GDP of the nation. This extra production entices

immigrant to come to the country, bringing in extra potential for more production, therefore

improving the stability of the economy. This boom in immigration for smaller countries is very

important. Less populated countries rely on this immigration for production and new jobs. The

effects of this increase in population would be a need for updated infrastructure. According to an

essay done by the Embassy of the United States of America, “Nations that invest in infrastructure

are better positioned too...stimulate commerce”. This updated infrastructure betters the economy

because it stimulates commerce, creates jobs, and attracts foreign investors – all of which can be

traced back to high tax rates. This example is an extreme prognostication of what may occur with

a public healthcare system, though it is not very realistic for the 21st century. A more …show more content…
On the other hand; a private healthcare system is not

free of fault. Private healthcare systems are harsh on lower income earners and small business.

Many lower income earners, who are not provided with insurance, may not be able to afford

health insurance. With no insurance, these individuals will have to pay straight out of their own

pocket. This can lead to bankruptcy for individuals who cannot pay these hefty medical fees.

This is a very large problem for not only these individuals, but the country’s economy. A country

with poor and bankrupt residents will see a lack of consumer spending, which can lead to

cyclical unemployment resulting in a weaker economy. This is an ongoing cycle of bankruptcy

and unemployment, hurting both the country’s labour market and total economy. In regards to

small businesses, if these businesses can not afford to provide health insurance to its employees,

then what incentive would people have to come and work for those companies? In a private

healthcare system, a company not offering insurance benefits may be a deal breaker. It can take

one month’s wages just to pay off one medical bill for workers without insurance.

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